Get started

Eurjpytrade

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 ;)
Short
by xAB777
1
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.
Short
by YourLazyTrader
10
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 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, the EURO can be BUY more. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
by benny_marshall
EURJPY SELL OPPORTUNITYHello dear traders. Here my idea to EURJPY . we will expect short term bearish continuation to 135.80 level. Technical Outlook : EURJPY price breakout from the rising channel. So we expect bearish movement will continue to Fibonacci 0.5 level. Fundamental Outlook : Euro under pressure as the gas crisis. Volatility index up 13%. So we can expect fear of economic growth that will be cause to strengthen the yen. Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile. Good luck to you. This idea does not provide the financial advice.
Short
by Smart_TraderSL