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Eurjpysignal

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!!
Long
by elmakacho
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.
Long
by Sphyn-Trader
8
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.
Long
by Sphyn-Trader
4
Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed. The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
Short
by Mihai_Iacob
3