Euro Looks Stronger then the Yen, And We're Respecting Significant Discount Arrays, So am Long EJ.
BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next...
As EUR/JPY recently breached its all-time high, there was a noticeable surge in trading volume, indicating a potential shift in market direction. Typically, after such a significant milestone, it's common to observe a corrective phase where prices adjust from the extreme levels reached. This correction could manifest as a retracement or consolidation, representing...
My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.19 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 164.22 Safe Stop Loss - 162.55 About Used Indicators: The...
EURJPY Short Trade setup when Price entering the Supply Zone. Set Price Alert and Observe the Price Action when price entering the zone.
Preferred direction: SELL Comment: The Swiss currency also began to strengthen against the American dollar , although we previously noted that this currency is one of the weakest among the main competitors of the US dollar. However, for this currency pair we confidently set sell-priority and expect a fall towards the level of 0.88761. Both scenarios...
Preferred direction: BUY Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen . Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart. In general, both scenarios are relevant despite...
EURJPY Trade Breakdown Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside. So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a...
EURJPY Sell Stop Loss: 164.9 Targets: 164.1 164.0 163.8 163.6 163.4
Pair : EURJPY ( Euro / Japanese Yen ) Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
Well, by examining the 1-hour EURJPY chart we can figure out the price has the potential to rise after collecting the sell-side liquidity. In this case, we can define the bullish FVG which is below the sell-side liquidity, also this FVG aligns with the 50% previous upward leg and we have a lot of buy-side liquidity that can defined as targets. All in all, we...
The EURJPY pair has shown promising strength after a corrective phase from its peak on March 21, 2024. Today, it successfully breached a significant resistance level at 163.322, providing a stronger confirmation of the existing bullish momentum. With this noteworthy breakout, the allure of a Long position becomes increasingly compelling. Technical Analysis: On...
Prices are forming mitigation block on the 4-hour chart, and I expect prices to fall.
EURJPY - 24h expiry We are trading at overbought extremes. Our short term bias remains negative. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Weekly pivot is at 163.55. We look to Sell at 163.55 (stop at 164.05) Our profit targets will be 162.65 and 162.45 Resistance: 164.30 / 167.35 / 168.95 Support:...
A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area. Trade safe, Joe.
EURJPY is rising toward pivot point that is close to 50% Fibonacci retracement. and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 163.42 Support: 162.53 Resistance: 164.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital...
EUR-JPY - WEEKLY - Reversal from here? I still reaming neutral bullish for EUR-JPY , i'l became bearish when we will see the first cut rate from ECB.