Discussions

Euro / Japanese Yen forum

3 hours ago

Still aiming for 170 area... from there we will see if the uptrend wants to continue, but given this huge push up, I wouldn't be surprised if we get a 300-400 pip correction from the top before we get a continuation of this bull trend.

joel_love

13 hours ago

has been showing a strong bullish trend recently, hitting new year-to-date highs. This is largely driven by the divergence in central bank policies (ECB's higher interest rates compared to the Bank of Japan), and the ongoing weakness of the Japanese Yen due to factors like potential US trade tariffs on Japanese goods.
However, several sources indicate that the Relative Strength Index (RSI) is in overbought territory, suggesting that a correction or consolidation might be due before further significant appreciation. Some technical resistance levels to watch are around 172.35 and 173.00, with support around 170.00.

JCFRGNT

13 hours ago

EURJPY SHORT DAILY FORECAST Q3 D10 W28 Y25

Professional Risk Managers👋

Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.

Let’s see what price action is telling us today! 👀

💡Here are some trade confluences📝

✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified

🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.

📈The rest, we leave to the balance of probabilities.

💡Fail to plan. Plan to fail.
🏆It has always been that simple.

❤️Good luck with your trading journey, I shall see you at the very top.

🎯Trade consistent, FRGNT X