EURJPY Shorting SetupYellow: Open Position
Red: Stop Loss
Green: Take Profit
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Eurjpysignal
EURJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block.
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Probable double top in EUR/JPYHello traders, EUR/JPY has rallied up to the previous resistance
level from where it could fall again.
If we can see the formation of a few bearish candlestick in the resistance
level, there would be a chance for a fall.
Potential sell EUR/JPY@159.92, SL: 160.30, TP: 158.50
EURJPY Breakout Confirmed!EUR-JPY broke the rising
Support line and the breakout
Is confirmed which makes us
Bearish biased and we will be
Expecting a further move down !
EURJPY: BoJ continues to buy bonds irregularly to restrain the rOn October 24, the Bank of Japan announced its fifth extraordinary purchase of government bonds since adjusting its yield curve control program at the end of July.
Despite these efforts, Japan`s 10-year bond yield continued to hit new highs this month, adding to the global stock market decline.
"However, there is still speculation about the Bank of Japan's policy adjustments, making it difficult to recommend bond purchases. "
The Bank of Japan's ultra-easy policy also contributed to the yen's depreciation, making it the weakest G10 currency this year.
EUR/JPY FAILED SIGNAL 02/10/23Trade Details (M5 TIMEFRAME)
Sell Limit Given @158.300
Entry: 158.300
Take Profit 1: 158.200
Take Profit 2: 158.130
Take Profit 3: 158.000
Stop Loss: 158.360
Simple Reasoning
Change of character (Aggressive Entry)
What we thought was LQ taken (False Signal)
Price by the looks of it took proper LQ and then waterfalled down.
EURJPY These data are good for growthThe yen hit a two-week low of 109.98 yen against the Japanese yen.
The yen fell to 182.49 against the franc and from an initial high of 166.11 against the pound and 165.39 against the pound, and a 10-day high of 181.16.
The yen fell to 157.98 yen against the euro and 149.76 yen against the dollar, below the six-day high of 156.98 yen and four-day high of 149.30 yen, respectively.
The currency's next major supports are likely to be around 112.5 against the loonie, 166.5 against the franc, 184.00 against the pound, 160.00 against the euro and 152.00 against the US dollar.
EURJPY SHORTExpecting price to break the support below and drop to 156.042, wait for a clear breakdown and retest before taking this 90+ pips setup .
Always apply risk management, all the best.
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 !
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- 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
Range-bound EUR/JPY: Is Distribution in Play?A few days back I discussed UsdJpy, saying that even though there is a high divergence between FED's and BoJ's policy, at the same point the pair could reverse hard.
In EurJpy's case, however, things are not exactly the same and technically, we even have strong signs of topping.
Looking at the h4 posted chart we could see that for a month and a half now the pair is in a range and in fact, it looks like pressing down so it could be in fact, distribution.
That being said, as long as 158.50 is intact, I looking to sell rallies in anticipation of a break under support.
As for the target, 153 is a pretty reasonable one if we have a genuine break
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.)
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 :)
EURJPY break High and More UPEURJPY break High and More UP. I think
My opinion you see on chart.
Remember about risk no more 1-2% account
Double top on EUR/JPY hourlyLast week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart.
The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests it is a corrective move.
momentum has turned lower on the 1-hour chart, so the bias on the 1-hour chart remains bearish below 158.53 and for an initial move to 157.80. We also expect lower prices given the structure on the daily timeframe.
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
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 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!
EURJPYI was bearish on eurjpy for the last week due to the weekly and daily charts, however, when I look at the 2w timeframe there is a completely different bias because on the last third candle price successfully engulfed its previous candle high and it seems like it is picking up orders especially on the psychological level at 157 twice for the next move to the highs.
EUR/JPY Long A Break above creates more Buy PressureEUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However, unless the cross breaks below 145.50-146.50 (including the 200-period moving average on the 240-minute charts) the bullish pressure is unlikely to fade away.
Major Trend is Bullish
