Euro / Japanese Yen

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Euro / Japanese Yen forum


EURJPY 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.

EURJPY 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.

EURJPY
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

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

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

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Snapshot



EURJPY holding sell from 172.2 - SL in the green in case this sucker wants to rocket up again.... Main target is 170 area and will be looking for buys there

EURJPY what goes up goes down and they drop harder than it goes up 🤑 #happytrading