GBPJPY Short From Resistance!GBP-JPY wis retesting a
Strong horizontal resistance
Level of 183.087 from where
I think we will see a local
Bearish correction !
Eurjpytrade
EURJPY: New developments!The EUR/JPY cross builds on the previous day's goodish rebound from the 155.80 region, or a one-week low and gains strong follow-through positive traction for the second successive day on Tuesday. The momentum lifts spot prices to over a two-week high, around mid-157.00s during the Asian session and is sponsored by the heavily offered tone surrounding the Japanese Yen (JPY).
EURJPYMarket setting up for a drop.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
EURJPY, Expecting DownEURJPY, i am expecting a down wave after BOS and it price will come back to take liquidity from H1 OB
EURJPY Resistance Ahead!EUR-JPY is going up now
But a strong horizontal
Resistance is ahead at
Around 157.670 so after
The price hits the resistance
We are likely to see
A bearish pullback !
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 very positiveHello traders. According to my analysis of the EURJPY. There is a high probability of going up. Where the market broke out of a bearish flag. Likewise, the strong resistance at the level of 147000 was broken. The price tested the resistance for the second time. And he couldn't break it. Also, a very positive candle has formed on the daily chart. All of these indicators indicate the strength of the buyers in this pair . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
EURJPY Analysis 31July2023EURJPY ANALYSIS is in line with last week's analysis. I saw an FTR where the price did not reach the SND area and was bullish again. Usually, when things like this happen, the SND area that should be achieved will still be responded positively and maybe the price will fall deeper.
Eur Jpy Long IdeaEUR/JPY has recently experienced a corrective bearish move, creating an opportune moment for traders to consider a long position in this currency pair. This bullish analysis highlights the potential for a reversal from the corrective downtrend, with key technical and fundamental factors supporting the long signal for EUR/JPY.
Technical Analysis:
Fibonacci Retracement: The corrective bearish move in EUR/JPY can be seen as a retracement within a broader uptrend. By applying Fibonacci retracement levels, we can identify potential support levels where the pair could reverse and resume its bullish momentum.
Bullish Divergence: In the recent corrective phase, there might be signs of bullish divergence on the oscillators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicating weakening bearish momentum and a potential shift in favor of bulls.
Key Support Zones: Several key support zones coincide with the Fibonacci retracement levels and previous swing lows, creating a solid foundation for a bullish reversal. Traders can use these levels to place stop-loss orders to manage risk effectively.
Fundamental Analysis:
Strong Economic Recovery: The European Union and Japan have been experiencing a robust economic recovery from the global downturn, buoyed by fiscal stimulus measures and vaccination progress. As economic activity picks up, the demand for both EUR and JPY may increase, but the Eurozone's larger economy could give it an edge.
Diverging Central Bank Policies: The European Central Bank (ECB) has shown signs of tightening monetary policy to combat inflationary pressures, while the Bank of Japan (BoJ) has remained accommodative. This policy divergence could strengthen the Euro against the Japanese Yen in the long term.
Risk-On Sentiment: If global markets maintain a risk-on sentiment, investors may seek higher-yielding assets, including the Euro, and the Japanese Yen, being a safe-haven currency, may experience reduced demand in such a scenario.
Conclusion:
Considering the technical and fundamental factors at play, a long signal for EUR/JPY appears promising after the corrective bearish move. Traders should exercise proper risk management techniques, placing stop-loss orders at critical support levels. A successful long position can capitalize on the potential bullish reversal, fueled by a strong economic recovery in the Eurozone, diverging central bank policies, and prevailing risk-on sentiment in the market. As always, it's essential to stay updated on any relevant news or events that could impact the currency pair and adjust the trading strategy accordingly.
EURJPY TradeAtfer taken liquidity of the buyside and change of character we will see a continuation of the downtrend we consider FVG an entry point
- Trading is probality control you risk management
Good Luck !
EURJPY Analysis 25July2023Eurjpy analysis is still in accordance with the roadmap that I gave last week. Bearish prices head to SND. there is a possibility that there is a correction before continuing the bearish trend again
EURJPY: JAPANESE YEN PRICEDuring the Asian session on Friday, the GBP/USD pair slightly increases and distances itself from the lowest point it reached in the past week and a half, which was around the 1.2840-1.2835 range. However, there isn't much momentum in terms of buying or a strong belief in an upward trend, and currently, the pair is trading around the 1.2880 range, with a modest increase of just over 0.10% for the day.
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: Uptrend is formed!The EUR/JPY has experienced a significant bounce from a critical support level, which includes the upper boundary of a slightly upward-trending channel that has been in place since last year, as well as an ascending trend line that dates back to March 2023. This rebound has created an opportunity for the currency pair to potentially reach the previous high at 158.00, which was recorded in early July.
EURJPY Analysis H1Here is my analysis for EURJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY POSSIBLE TRADE SHORTA POSSIBLE REVERSE ON THE LOW TIME FRAMES GOOD TRADE FOR INTRADAY STYLE
waiting for agressive sellers to step in
EURJPY Idea H1Here is my analysis for EURJPY on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY Analysis 11July2023for now the price is stuck at the second SND, if the price manages to fall more than the second SnD, then the bullish trend has collapsed. could be the beginning of a change to a bearish trend.
EURJPY BuyDo not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
💡 EUR/JPY Short setup. 🔻Hello traders.
Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to bounce around for a while as long positions take profit.
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.
