Geopolitical influences do not play a role in sustainably subsidizing the Yen. Yesterday the USD/JPY exchange rate once again approached the observation level of 150; Specifically, it reached 149.74, then decreased slightly back to 149.56. The Yen has recently been fluctuating around the observation threshold, currency investors in the market are still observing...
Preferred direction: SELL Comment: At level 150, the search for sales continues actively. Most likely, due to the continued strengthening of the US dollar, a false breakdown of the mentioned level can be expected for the USDJPY currency pair. If this setup is formed, a short trade will immediately be activated with a target at the level of 147.816 and 144.900...
EURJPY is trading in bullish parallel channel, and created Head and Shoulder pattern at strong resistance area. And a massive sell rally break the neckline of HnS pattern. any successful retest of broken level will be nice option to sell. if the sell pressure continues, the next target could be the back to lows at 156.50 region. What you guys think of this idea ?
EURJPY is in a correction period. At the important resistance zone level 159.180, if the price cannot break through. It is expected that there is a chance that the price will go down. Consider selling from a correction below 158.514. >> GooD Luck 😊
Price is starting to reject the neckline of the previous H&S pattern formed, which is our sell entry at 157.63. Furthermore, there is fibo confluence here as our sell entry aligns with the 61.8% fibo retracement and 38.2% fibo retracement as well. Our stop loss is at 158.07, which is the swing high resistance level. Take profit is at 157.00, which is a swing low...
In comparison to USDJPY, EURJPY looks bearish to me, After a test of a significant daily resistance, the price formed a head and shoulders pattern on that and broke its neckline. We see its retest now. Probabilities will be high that the market will drop. Goal - 156.7 ❤️Please, support my work with like, thank you!❤️
Expecting price to break the support below and drop to 156.042, wait for a clear breakdown and retest before taking this 90+ pips setup . Always apply risk management, all the best.
Hello,Friends! We are going long on the EUR/JPY with the target of 158.483 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
After a test of a significant daily structure resistance, EURJPY retraced and formed a head and shoulders pattern on a 4H time frame. Before the market closed, the price violated its neckline and closed below that. It is an important sign of strength of the sellers. The pair may keep falling now to 156.7 support level. ❤️Please, support my work with like,...
Entry : 158.323 SL : 158.800 TP : 153.677 RRR : 1/9.7 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
Price is rising towards our sell entry at 158.42, which aligns with the head of the H&S pattern that could potentially be formed. It also aligns with the 78.6% fibo retracement and 78.6% fibo projection. Our stop loss is at 158.71, which is above the multi-swing high resistance levels. Take profit is at 157.63, which is a multi-swing low support level. High...
From a broader perspective, it seems like Eurjpy is still in a bullish trend. When we draw the Fibo Retracement for the last swing, the price has responded positively to the SND area in Fibo 0.5 and has reached Fibo 0.382. Currently, the price has successfully penetrated the trendline and formed a bullish pattern, which indicates that the price is likely to...
✅EUR_JPY has been growing recently And the pair seems locally overbought So as the pair has approached a horizontal resistance of 158.600 Price fall is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Preferred direction: SELL Comment: For the yen, however, we can consider a short scenario. This couple stands out from the rest. Most likely, upon the publication of inflation data in the US, the price will jump up, and after that we expect a test of the level of 147.816. Further, most likely, the movement will also develop downward in the short term. Thank...
Today's focus: EURJPY Pattern – Resistance Test Support – 157.65 - 155.81 Resistance – 158.55 - 159.71 Hi, and thanks for checking out today's update. Today, we are looking at the EURJPY on the daily chart. Since testing lower support, we have seen a solid bounce that has already had one reaction and a new higher high. This sets buyers up with just a few more...
Price moved a lot higher to fill the overnight gap down. My idea yesterday became invalid but this gives me a better entry: Gap down suggests general direction and now the gap has been filled, supported by a pinbar on the 1hr I'm getting in short with a first TP at 156 (ultimately I think 154), but I think this could be the start of the reversal.
A lot of people think that EJ and GJ are going to drop soon. I was in that boat some time ago but then it clicked...why would that happen... Its on a clearly bullish market and no it doesn't need a huge pullback. It doesnt matter that there have been like 5 dojis on the weekly. It is a bullish market. And I think it is finally time after that insane shock drop...
EUR/JPY BUY Hello traders, analysis of the euro against the Japanese yen. I see a bullish trend. We are waiting for the levels drawn on the chart. We are buying. Greetings and good luck.