EURJPY Signal - BUY ZONE !EURJPY
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EURJPY Broke Out of Trend!!! Bullish Continuation!!!As we can EURJPY has broken our of trendline and now heading back for a BULLISH Climb. Previously, we expected price level to reach 61.8 fib level before retracement however what we say today was a price rejection off 50.0 fib level breaking 38.2 fib level and currently showing a good potential to reach 23.6 fib level. At which, we have to take note of further bullish signs to for it to break that level or else we could be seeing another rejection off that level.
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EUR/JPY Short-term Update: 120 pips profit target, SL/TPPrice Action Analysis in EUR/JPY shows that it is ready to drop to the next support level. It is a good time to look for sell trades because the risk is low and the chance of making a profitable sell trade is quite high now.
Sell Entry: 120.45-120.60, SL: 121.20, TP: 119.35
EURJPYEURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if it is a possible retest of the ray line above and will be watching how it gets to that area.
EURJPY BUY/LONG ANALYSIS!!!Once We see a clear retest and close above the @120.464, we will go long. This is because yesterdays daily bull candle closed just below the resistance, meaning that it is not yet a support. but there is still a-lot of bullish pressure, with a fantastic risk to reward ratio.
EURJPY DAILY TIMEFRAME!!! (LONG)Once We see a clear retest and close above the @120.464, we will go long. This will confirm strong bullish move to the upside. However Bulls are still evident and active. The weekly, monthly and daily all show bullish reversals to the upside. Buying momentum is also off the charts, so lets go long. This trade also holds a fantastic risk/reward ratio.
Price has also retraced and supported above the daily 50% Fib.
EURJPY - BUY or SELL ?EURJPY
Full Analysis Description : We’re bullish on monthly momentum, we have also hit monthly resistance and made a pullback last week to previous support which is holding now. Currently, we are having a bullish move which can turn into a Lower High to continue going lower OR it holds within that area to continue to the upside.
At the moment, we wait on 4 Hour timeframe to see a clear picture for anticipating buy or sell trade opportunity.
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