Eurjpysignal
DeGRAM | EURJPY confluence levelEURJPY is moving down the channel.
The market is testing the confluence level by making a complex pullback.
Price action broke and closed above the lower high, meaning the market is in consolidation.
The price is likely to bounce off the confluence level.
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GBPJPY and EURJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY AnalysisHello Everyone. I want share my idea about EURJPY.
After pretty bullish trend now we see price correction.
Daily Fibonacci gave us good LVL for open long position with good 1:3 reward.
My price prediction will be long, but here we have one thing what we need to pay attention, JPY index which started strong reversal price movement after touch weekly support (I will link in the idea my last price prediction about that index)
Overall trend is bullish which is strong and in my opinion it will continue until it touch to 2008 high ( in this year was collapse of market )
Here is my 2 price prediction.
1 Bullish - price pull back from Fibonacci 50 LVL and continue moving up, with it we will see new good low of uptrend.
2 Bearish - price brake support which is at 154-152.8 same as Fibonacci levels then it will make retest and continue moving down.
BE PATIENT!!
DeGRAM | EURJPY bearish opportunityEURJPY is currently breaking out of the ascending channel .
It broke and closed below the psychological level of 157.000. and the consolidation zone.
Price movement is gaining momentum, and we might see a sharp bearish move.
We expect a bearish move.
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EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
EURJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar.
The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52.
Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter.
E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15.
US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS).
Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
EUR/JPY potential triple top pattern : Time to sell?Dear traders, we can see the formation of a potential triple
top pattern in EUR/JPY.
EUR/JPY is currently in the resistance level. So, if we see bearish
price action that this resistance zone, we can consider selling
EURJPY@ 151.30-151.60 with SL above resistance and TPs
at 148.73, 146.60.