EURJPY Local Short!EUR-JPY is already making
A pullback from the horizontal
Resistance at 158.288
And I think that we will
See a local move down !
Eurjpyshort
EURJPY Long Term Selling Trading IdeaHello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today EURJPY analysis 👆
🟢This Chart includes_ (EURJPY market update)
🟢What is The Next Opportunity on EURJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURJPY Higher TF Idea Weekly X Daily Hello Folks i did my analysis On FX:EURJPY The Price Is Ranging Hardly on the Daily Timeframe Chart, What do you Thinks of the Price Movement.
1 or 2 ?
EURJPY EW Analysis: Bearish OutlookThe EURJPY currency pair recently completed a 5-wave upward move, terminating at 159.773 . Now, it's in a corrective phase. In my analysis, the larger corrective wave A likely finished at 156.568 . Currently, the pair seems to be forming a contracting triangle as part of corrective Wave B, after which we expect a drop in wave C.
Here's the key: If the price breaks below 157.380 , it confirms a bearish trend and we jump in, and if it drops further below 157.063 , it strengthens our bearish view for Wave C downward move. This analysis holds unless the price breaks the 158.452 price level to the upside.
Our target price for the bearish move is 155.720 .
EurJpy- Close to a support breakIn my weekend analysis about Jpy crosses I said that we should keep a close eye on these pairs because, although UsdJpy is still in a strong up trend, cross pair may have topped.
In EurJpy's case, yesterday the pair had a spike up, this spike was very short-lived lived and EurJpy reversed strongly and closed the day with a huge bearish engulfing.
At this moment the pair is trading exactly in support zone and looks like pressing for a break.
In such an instance, considering we had a month of range and distribution, we could see down acceleration, and the medium target could be 151.50.
Interim support is at 154 and this level could also represent target for shorter-term traders.
EURJPY Reached SBR Monthly ?EURJPY swing movement
confirmation :
1. Price at monthly SBR Area
2. MN Supply area
3. Fibo fav lvl 23.6 & 38.2 ( H4,D1,W1,MN)
4. HNS at H4 TF
EURJPY; Trade what you see, not what you think!(It is time to start a fresh EURJPY post - once again -, the previous one(s) having grown too long to remain practical.)
The Weekly - With special attention to the two, most recent Hammers;
The Daily - With it's completed H&S, including the neckline break;
(All the visible patterns were also updated on these charts due to some earlier inaccuracies - misalignment - which snuck onto the previous versions of these charts - mostly on the higher time frames.)
Actively looking for a SHORT Entry here! (if not Short, yet.)
Eur/Jpy Selling on the back of EUR weaknessQ1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone
real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports
from Russia (oil and natural gas, both planned and unplanned) have the potential to
further elevate energy prices or weigh more directly on production. To be sure, the
starting point for Eurozone finances is quite sound, with nominal income growth largely
keeping pace with inflation and the household saving rate still high by historical
standards. But, as those supportive household finances begin to wane over time, we
believe consumer spending will increasingly come under pressure. In addition,
manufacturing activity could be impacted more directly by energy disruptions, and ta;ls
pf U.S. recession could also weigh on the Eurozone economy.
This could also force buyers into safe havens such as JPY, hence why we chose EURJPY to
short.
Sell Now: 138.990
TP: 137.260
Sl: 140.053 (110pips)
EURJPY - UPDATE Previous trade hit my SL due it being tight and price deciding to form another structure. But we go again at the break of this bearish flag.
EUR/JPY Short Opportunity - SeptemberGood setup, price made a LL and LH with bearish pinbar. This was a feast day so was off trading for the day.
Sell EUR/JPY if 4Hour resistance Holds(Entry, TP and SL below)Hello everyone, EUR/JPY is struggling to break the resistance level
indicated in the 4Hour chart.
📌We have 4 consecutive candlesticks with long wicks at the top.
📌Price is currently below the EMA on the 4Hour chart. This gives us
a slight bearish bias for the 4Hour Timeframe.
📌If price continues to stay below the (resistance zone + EMA on 4h chart),
we can consider selling EUR/JPY@157.82-157.92 with SL near 158.10
with initial TP at 157.38 and final TP at 156.70
EURJPY SHORT - AWAITING BREAK & RETEST!Waiting for a break and retest of 157.100 to short EURJPY to the next swing low at 155.528
If you agree drop a like and if you have any questions leave a comment :)
SonTrader - SELL EURJPYEntry : 158.030
SL : 158.530
TP : 155.530
RRR : 1/5
Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !!
Support Broker with me in the Bio section
EURJPY BACK AGAIN TO 159.321 SUPPLY AREA?OANDA:EURJPY BACK AGAIN TO 159.321 SUPPLY AREA?
making a perfect bullist triangle to go long at FOREXCOM:EURJPY 158.390 immediate supply
and for the next rea is at 159.321
EUR/JPY Short OpportunityA+ Setup !! combination of both my plays - RT with broken support zone and a 38.2% RT !
EurJpy could lose supportSince the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.
In August, the pair consolidated, and this consolidation could very well be distribution.
Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses.
As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support.
In the medium term, however, the pair could drop even to important 151.50 support.
EURJPY: Thoughts and AnalysisToday's focus: EURJPY
Pattern – Range support test post LH trend break.
Support – 157.05 – 155.85
Resistance – 158.40 – 159.40 (area)
Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching.
The JPY has started the week on a strong note with solid gains so far to the EUR, GBP and USD. The GBPJPY is also showing similar signs to the EURJPY, but we zoned in as there have been a few price signals in a row that could be backing up a new move by sellers.
Sellers continue to test the range bottom after breaking the fast trend and setting up a new lower high around 158.40 resistance. From here, if sellers are going to try a new run, we would like to see a decent to strong close lower that beats the range and 157.05 support base. Then, we will look for a new move lower that could test 155.85 or below.
If price can fight back and close back above 157.05, this could be a sign that seller strength might not be that strong.
Have a great day and good trading.
EURJPY 30m Analysis. Day trade signal!Hello everyone. I want share my idea about EURJPY pair.
Couple weeks ago we this pair was in 2008 strong weekly sell zone after strong price up movement. from here we got 2 rejection at high timeframe, when it touch second time it made some liquidity and came strong down. i am not saying EURJPY will change trend but i think we will have some price correction here which is good for day traders for catch some movement.
Second reason i think this pair is short JPY index after big rally downside it stopped and i think it time for start correction.
Here is my signal setup.
Open position - 158.240
Stop loss - 158.600
Take profit - 157.000
At my profile you can see my another signals and ideas.
Good luck everyone! Manage your risk!
EURJPY I Potential retrace and decline to downsideWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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EUR/JPY on the Hourly Chart: Support and Resistance ZonesSupport Levels:
Support 1 @ 156.866:
The level at 156.866 serves as an immediate support zone on the hourly chart of EUR/JPY. Support levels are where the price typically finds buying interest and may reverse its downward movement. Traders should keep a close eye on this level, as a breach below it could signal increased bearish pressure.
Support 2 @ 156.023:
Support 2, situated at 156.023, represents another critical support level. This level has historically acted as a significant point of price reversal. If Support 2 is breached, it may suggest the potential for a more substantial downward move.
Resistance Level:
Resistance @ 159.767:
The resistance level at 159.767 stands out as a key level of resistance on the hourly EUR/JPY chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should closely monitor this level, as a decisive move above it could indicate a bullish sentiment in the short term.
Conclusion:
Analyzing support and resistance levels is a fundamental aspect of forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the EUR/JPY market should carefully consider the identified support and resistance zones outlined in this blog post.
It's important to remember that the forex market is influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions.
Risk management is equally vital when trading forex. Traders should employ risk management techniques such as stop-loss orders and proper position sizing to protect their capital. Developing and adhering to a well-defined trading strategy is also key to achieving consistent success in the forex market.
