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Eurjpyshort

EURO selling pressure against YENFX:EURJPY The uncertainty of the peace agreement between Russia and Ukraine, still weakens the euro against the yen. Japan's inflation increase of 0.5% in February 2022 to 0.9% indicates an economic movement in accordance with the Japanese government's desire to achieve the inflation target. The au Jibun Bank Japan Manufacturing PMI increased to 53.2 in March 2022 from a final 52.7 a month earlier, which was the weakest growth since last September, signalling a moderate improvement in the sector, amid declining Covid-19 infections, preliminary data showed. Output returned to expansion territory, albeit only marginally, while new order growth eased to the softest in six months, with slowing in new export order growth. Meanwhile, supplier delivery times lengthened to the greatest extent since April 2011, amid material shortages, notably semiconductors. Purchasing activity growth accelerated, while the rate of job creation slowed, with the rate of backlog accumulation softened. On the price side, input price inflation accelerated to the fastest since August 2008, due to higher energy, oil and semiconductor prices. As a result, output price inflation accelerated. Finally, business confidence remained positive. source: Markit Economics
Short
by ellael_ella
2
EURJPY | Perspective for the new weekFollowing the strong bullish momentum identified on the daily time frame, and considering the reversal structure noticed on the daily time frame it appears that we are on a verge of a retracement phase which could probably tend towards between 50 to 78.6% retracement of the impulse leg from a long term perspective. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURJPYEURJPY has been respecting the supply zone it formed on the 1hr tf. My bias for this pair is that I am expecting it to continue with its short term pull back until the 45min/1hr demand zone where depending on how price reacts I will be looking to take on long positions back to the upside. There is also a 15min OrderBlock right below the 45min/1hr demand, however, the 45min/1hr zone looks more promising for potential entries for long positions. Do your due diligence first.
by ApexTradingClub
2
EURJPY SELL fill you are pocket with $$$HLZ Supply and Demand Methodology No-1 main Reason at 133.800 which is ATH with monthly high so we can Ride a Free fall No-2 after that market make a Support flip Resistance 2 times gives a fake out and drop and QML flip No-3 this area the decision point where market bounce on the right side and making Three Drives setup on M15,i m expecting drop ! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻 Contact me personally though message
Short
by liveschangerfx
2
Japan's PMI hike puts pressure on the euroThe au Jibun Bank Japan Manufacturing PMI increased to 53.2 in March 2022 from a final 52.7 a month earlier, which was the weakest growth since last September, signalling a moderate improvement in the sector, amid declining Covid-19 infections, preliminary data showed. Output returned to expansion territory, albeit only marginally, while new order growth eased to the softest in six months, with slowing in new export order growth. Meanwhile, supplier delivery times lengthened to the greatest extent since April 2011, amid material shortages, notably semiconductors. Purchasing activity growth accelerated, while the rate of job creation slowed, with the rate of backlog accumulation softened. On the price side, input price inflation accelerated to the fastest since August 2008, due to higher energy, oil and semiconductor prices. As a result, output price inflation accelerated. Finally, business confidence remained positive. source: Markit Economics
Short
by ellael_ella
EUR/JPY Short Trade UpdateHey Guys! As you guys know, the assumed weekly bias was short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.) However, due to long confirmation forming on the 1h chart for the last 2 weeks, I did not take any further short entries. That said, I did take a loss of -$1800 from the initial short entry I took about 1 month ago. In this video, I explain what I learned from the loss and moreover my outlook for this pair in the coming weeks. That's it! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
3