Eurjpysignal
EURJPY ShortAccording to the higher timeframes (W,M), the price has been forming a rising channel / flag, which might be a major indication of a bearish momentum.
Also, according to the market sentiment, 65% of the traders are net short and the percentage is decreasing each week, suggesting many are shifting to the long term position of the price.
According to how I interpret this, then the price will have a bearish momentum, to move out of favour for the traders who are shifting to the bullish strategy.
My long term strategy is 134.3, and the next series of analysis will be to come up with entry positions using smaller timeframes.
⭕️SELL EURJPY at the best Price 😉 💣🔰You can see the analysis of the Euro to Japanese Yen currency pair in a 15-minute time frame (EURJPY_ 15min)💣🔍
💥Considering the breaking of the up trend line🖤 by the price, if the price returns to the SUPPLY zone, it may fall to the DEMAND zone🔻🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
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DeGRAM | EURJPY bearish opportunityEURJPY moved out of the declining channel.
All JPY pairs are retracing after a bearish move.
The market created a ranging market after sell off.
We expect a pullback from the psychological level of 140.000.
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DeGRAM | EURJPY uptrend breakdownEURJPY moved out of the ascending channel. All XYZ/JPY pairs are retracing after a surge.
If the market creates false breaks at the resistance level , then we can look for a selling opportunity.
We expect a pullback from the level.
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe EURJPY can reach 138.651 LEVEL and it has gone down.. 138.65 is a very good SUPPORT LEVEL..
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 147.692 LEVEL. For that, VIX should be DOWN and JPY should be WEAK.
EURJPY possible buy zone!!EURJPY 4H has formed a doji on the weekly timeframe. This market is long-term bullish and weekly doji has created another opportunity for buyers as prices currently rejecting weekly support. It is highly likely price will continue to rise and, with a higher low on the support level on 4H, a bullish trade is highly probable.
EURJPY Looks Bearish Next Week (Short)Hello traders , after doing my technical analysis on EURJPY pair looks Bearish in my opinion .
Here is Why :
- Weekly Candle Closed As Inversed Hammer on a KEY RESISTANCE level
- 4H time frame : We have a Head and shoulder reversal pattern on the key resistance and At the same time A DOUBLE TOP PATTERN on that level (as the head) further signification that the price might go down
- We Have the neckline of the head and shoulders was Previously a Neckline of many Reversal patterns in the past if you look left and it has been broken many times before so more chances that it will break again this time and go bearish
- And finnally we have a Bearish RSI Divergence
wait for the neckline to be broken then enter on the retest
this is just my idea , Not financial advice mfs
good luck ;)
EURJPY is preparing for a rise!!EURJPY (4H) is forming a strong bullish price action with a double Doji and liquidity grab from the daily support zone. As long-term price action is bullish, it is a high probability that eurjpy will continue to rise as JPY is weakening, lower timeframe price action is bullish.
A buy trade is high probable from this level of support.
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EURJPY: Dips keep getting bought!EURJPY
Intraday - We look to Buy at 142.80 (stop at 141.80)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 145.80 and 147.25
Resistance: 147.25 / 151.00 / 155.00
Support: 144.30 / 141.70 / 138.85
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DeGRAM | EURJPY test of the psychological levelEURJPY reached a major resistance and psychological level at 144.00.
The market is overbought, and price action rejected the level.
We expect some pullback from the psychological level.
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Juicy short opportunity if EUR/JPY respects this resistanceOn the back of a very weak Japanese Yen(JPY), EUR/JPY has strongly rallied to the 142.20 resistance level.
However, there could be a very strong pullback on the cards if EUR/JPY respects this resistance.
As long as price doesn't break the resistance, sell entries would have very good potential in my opinion.
I would be looking to sell EUR/JPY@143.80-144.20, SL placed moderately above resistance with targets
at 142, 140.50 and 138 respectively.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are BUYING very fast right now. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe it can reach 143.711 LEVEL. 143.711 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 137.06 LEVEL. For that VIX should be UP and JPY should be STRONG. eurjpy