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Eurjpyshort

Outlook on EURJPY: Bearish play seenOn the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop. Ichimoku cloud and moving average is showing signs of bearish momentum as well, in line with our bearish bias.
Short
by shermzT
2
$EUR-JPY Analysis May 1, 2022The price is showing some weakness recently and the bullish trend is getting messed up. I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling. one another confirmation this huge recent candle on 4h time frames shows high selling/supply pressure on the paired which might lead us to a further drop in price. Good Luck!
Short
by TopGBanks
EURJPY So what now ????👍👍👍👍This is EURJPY on the 15mins Timeframe, Price broke a support and presently ranging which formed a little bullish channel as spotted on the chart. We will patiently wait for the price to break the current channel upward or downward. IF broken upward, Price might retest the broken support @ 137.127 and start selling and price might also violate to form a false break out and start buying upward WE DON'T PREDICT. WE REACT TO WHAT WE SEE WATCH OUT 1. Break of current channel either upward or downward 2. A possible retest of broken support @ 137.127 3. Candlestick confirmation Kindly like👍 , comment your thoughts and share🙏
by THERUFFTRADER