Hello traders, EUR/JPY has rallied up to the previous resistance level from where it could fall again. If we can see the formation of a few bearish candlestick in the resistance level, there would be a chance for a fall. Potential sell EUR/JPY@159.92, SL: 160.30, TP: 158.50
The EURJPY pair is on its 1D MA50 (blue trend-line), trading within a Channel Up since the June 28 High. It appears that smaller Megaphones within the Channel are the patterns that tend to lead the pair to its new Higher Low, that technically reaches as low as the 0.618 Fibonacci retracement level. That is our short target (156.500) but sell as high on the next...
EUR-JPY broke the rising Support line and the breakout Is confirmed which makes us Bearish biased and we will be Expecting a further move down !
Timing – 31 Oct (no set time – likely between 1 pm to 3 pm AEDT) The tide is turning in Japan and while BoJ policy change is glacial - especially when we consider the intense pace at which other G10 central banks have acted – we’re now hearing that Japanese pension funds are looking are re-weighting of domestic JGBs, with yields on long-end bonds more attractive...
Hello Traders ! On The Daily Time Frame, The EURJPY Price Reached a Resistance Level (159.761 - 159.324). Currently, The Price Formed an Ascending Channel. We Have a Bearish Scenario 📉 If The Market Breaks The Support Line and Closes Below That, I Will Sell On Retest... TARGET: 31950.0🎯
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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 157 region. What you guys think of this idea ?
Overall strong up trend Liquidity sweeps have already done Order block area confluence with Fibonacci level around 50-62 and pivot point Wait and see ;) I’am forex newbie Any suggestions please comment
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Preferred direction: Neutral Comment: Gold is also on balance at 1981.683, foreshadowing future gains. However, most likely this is more about the medium-term vision. In the shorter term, the instrument will maintain its presence in the balance sheet. there is an assumption of a slight increase, thereby leaving the balance, and then returning to it again. ...
Preferred direction: SELL Comment: The climax at level 150 continues. The Japanese regulator is actively intervening in the market to support its currency. Because of this, trade is weakened. The general trend towards shorts continues, but this, as we said, is a gradual increase in shorts. The candlesticks formed on currency intervention are expected to...
Preferred direction: BUY Comment: Trading continues at the level of 1.05700 for the currency pair. The probability of a fall remains and it is greater than assumptions about growth. Most likely, a false breakout will be formed upward at this level and after that the price will go down. Thank you for like and share your views!
Preferred direction: SELL Comment: Saving the ECB rate at its previous value was not a surprise; the market reacted calmly, but statistics from the United States, which exceeded all expectations, on the contrary, forced the market to move. Against this background, the euro continues to weaken, and technically, the strength of the US dollar can also be seen. ...
EURJPY Channel: GREEN WK Pivot: GREEN AOB: EMA10 CON: SBB BUY Stop: 158.970 Stop Loss: 158.398 TP01: 159.542 TP02: 160.686 DWR present as a buy setup on 26 OCT, with Channel and Pivot are green bouncing off EMA1- However, trade is not taken/considered SPX500: SELL DXY: BUY OIL: BUY GOLD: BUY
As part of the bearish analysis, GBP and EUR vs JPY could be setting up for a short for the US session.
💬 Description: The currency pair stood at the level of 1.06745 , which is resistance at the moment. In addition, a lot of interest has recently accumulated at this level, which has been distributed downward. The significance of this current price area is great. I assume that the instrument will come into balance at this level to accumulate positions and...
On October 24, the Bank of Japan announced its fifth extraordinary purchase of government bonds since adjusting its yield curve control program at the end of July. Despite these efforts, Japan`s 10-year bond yield continued to hit new highs this month, adding to the global stock market decline. "However, there is still speculation about the Bank of Japan's policy...
💬 Description: The evening trading idea for the Euro has undergone some changes, and now it is probably best to look at selling again. Pressing towards the daily support level of 1.05194 will most likely implement sellers’ immediate plans to eliminate buyers’ stop losses, which are located below this level. There is a good target ahead for implementing the...