EJ last bullish stretch stretch before we can look to sell.
EURJPY - Intraday Buying pressure from 161.68 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today....
#USDJPY UPDATE Hey team we are here to update about USDJPY. USDJPY is exactly on the way as predicted. Already 100Pips+ gain so far. This is still in good bullish wave. Because of monthly banks closing market is slow. Keep in touch we will update further soon.
Hello,Traders! EUR-JPY is trading in an Uptrend and the pair made A bearish correction and will Soon hit a horizontal support Of 161.588 from where we Will be expecting a bullish rebound Because we are bullish biased on the pair Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Weekly: Bullish, Retested unmitigated ob 163.150-750, Week closed above recent high, price is 300 pips above last major support and 120 pips from next major resistance. Daily: Bullish, Rejection from major resistance the day before market close, Price is on a 100 pip bullish run breaking major zone without a valid pullback. 4hr: Consolidation, Double top pattern...
Looking at EURJPY we has a sell signal on the means reversion Strat with the RSI starting to curl over. The play is simple here and we are looking to scalp 25+ pips off this move. Stop loss is set to 163.25 and take profit is at 162.35
The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 162.649 which is a pullback support. Stop loss is at 162.200 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 163.720 which is a pullback resistance. High Risk...
Price is at the highs of Nov '23. Double tops are forming on the 4H and below. Looking for the M to complete on the 4H at a minimum before returning to bullish price movement. Price could very well continue bullish from where it currently is, but we shall have to wait and see.
Resistance 163.209 163.180 Fib .50 level 162.946 Support 162.705 162.688 Profit Target 163.537 EURJPY experienced a strong rejection from the Fibonacci level of 162.946 and then broke below the previous day's low of 162.688. An entry has been initiated with the expectation that the price will continue to move towards the profit target of 163.537.
Hello,Traders! EUR-JPY keeps growing And the pair is locally Overbought so after It hits the horizontal Resistance level of 164.229 We will be expecting A bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair. That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather. The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line...
Here I have EUR/JPY on the 1 Hr Chart! The HOT news on French PMI Thursday Morning followed by the Not-So Hot German and Manufacturing/Services PMI readings began the formations of a strong reversal pattern called a Double Top! The mixed PMI results for USD seemed to ease Euros' decent BUT With 2.8% CPI and talks from the ECB of "possible Rate Cuts in March",...
Resistance 163.209 163.180 Fib .50 level 162.946 Support 162.705 162.688 Profit Target 163.537 EUR/JPY has experienced a rejection from the 162.688 zone and is currently ranging in the 162.946 Fibonacci area. The next potential move is anticipated to be a push to the upside, with a target of breaking the 162.946 level and reaching the daily high of 163.209....
We're back returning to the ATH, which is around the centreline of the rising channel we've been in since the pandemic. I'm definitely expecting a reversal soon, we may post another ATH by a whisker, or it may double top before a move back down to the lower boundary. Any strong JPY fundamentals will break the boundary and signal the reversal imo. Surely the ...
EUR-JPY keeps growing And will soon hit a horizontal Resistance level of 163.846 From where I think we will See a local bearish correction !