EURJPY Outlook: Longer term uptrend still holding. If we bounce strongly off the line we should see price go back up to the area of previous resistance. From there orders can be placed based on a break and retest or rejection of this area.
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EJ has been in a long term buy. Price recently created a double top which could be one of our first signs that price is setting up for a trend change. If this happens we can see price either create a triple top OR breakout of the trend line and begin selling. Drop to a lower time frame for a better entry.
This setup would present several scenarios depending on how price action pushes to the downside - the first one, if price holds around 124.400/500 area which is in line with fib level 23.60%, it would provide a nice buy signal of 56 pips SL and profit target of 284 pips (RRR 1:8). Secondly, if price comes back to 123.100/200 area which perfectly sits on fib level...
Based on price action and fibonatchi eur/jpy have a tp@127.739. But it's long time. Enjoy profit.
Look For Buy Conformation in the Mentioned Area on Small Timeframe !
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It is clear that there are three candlesticks that mean a bearish one, but it heads towards support and then rises again to the mentioned resistance. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the...
EURJPY rebounded from resistance level around 127.00 , broke uptrend line price based below SMA 100 MACD shows bearish momentum RSI in downtrend line below 50 so its expect bearish movement to support level 1 around 122.50 then to support level 2 around 120.00
CHFJPY SELL @116.700 TP1 @116.500 TP2 @116.200 TP3 @115.700 SL @117.300 Note:- Use exact entry or below this level. It has completed Retesting Period with main Trendline.
Overall, EUR/JPY is ranging across. Recently, EUR/JPY tested and failed to break above the key level of 126. The euro area Retail Sales m/m data (Actual: -1.3%, Forecast: 1.3%, Previous: 5.7%) released yesterday indicated a decline in consumer spending in the month of July. Currently, EUR/JPY is moving towards the key level of 126. Its next support zone is at...
trading plan sell setup EUJRPY - swing position. wait PA Confirmation on lower time frame.
Previous trade we saw the price heading for the area of support as expected. Now after bouncing off the area of support and breaking out of the descending channel, we should the price heading back to the area of resistance.
EURJPY might get reach or approach to high as can be seen in graph