The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the...
Short term view in EURJPY suggests rally from 5.11.2023 low is unfolding as a 5 waves impulse. Up from 5.11.2023 low, wave ((i)) ended at 151.06 and pullback in wave ((ii)) ended at 148.596. The pair then rallies higher in wave ((iii)) in 5 waves of lesser degree. Up from wave ((ii)), wave (i) ended at 150.19 and pullback in wave (ii) ended at 148.61. Pair...
Price dropped to a fairvalue gap below just now. this is hindsight but looking at the move shows me price is trgeting th buyside liquidity resting above in the form of equal highs. It could be an uptrend in the long direction, but for now my eyes are at the buyside .
EURJPY is trading inside a Channel Up for the past 3 months. The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top. Trading Plan: 1. Sell on the current market price. Targets: 1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d). Tips: 1. The RSI (1d) will give a confirmed sell signal...
EURJPY is riding trendline support but there are prospects of a test thereof.
OANDA:EURJPY EUR JPY Short Setup - Bearish Divergence Play Well in 1hr
Preferred direction: BUY Comment: A near retest of the level 144 at the moment promises buyers a breakdown and a hike to the level 145. Sellers still fail to overcome this obstacle, so one should not expect active sales for the time being. The Bank of Japan is also inactive, only a comment from the members of the BOJ will make it possible to radically change...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
GBPCAD: Although limiting wage increases should, in theory, help the Bank of England (BoE) tame inflation, such a decision could pave the way for union strikes and put the UK economy in a tougher spot than it already is. Meanwhile, the uncertainty surrounding this issue is likely to cause investors to stay away from Pound Sterling. GBPJPY: On the Japanese Yen...
1. If we see a fixation at 4 o'clock, then it will be possible to enter the level retest in LONG 2. On the daily chart, we see good redemption signals that signal a bullish mood 3. Stop in this case, we set for a strong buy-out candle 4.Take to the next closest zone on the day
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Preferred direction: SELL Comment: The impulsive movement of the yen continued all the same, however, the current approach of the price to the level of 144 promises potential sales for the currency pair. In addition, the dollar is expected to weaken, that will undoubtedly contribute to the fall of this pair. The area considered as a target for sales 141.327 -...
Hello,Friends! EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 152.620 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
#EURJPY Has been in uptrend for long enough time and the pair has started to show some exhaustion by creating this beautiful reversal pattern at the top. We have a potential opportunity for a short trade. + Don’t Forget To Match With Your Strategy. Like + Comments Will Be A Big Support. Disclaimer: Buying OR Selling is your own decesion. This is just my...
FX:EURJPY In the chart of this currency, many price supports can be seen by a large number of trading strategies. One of them is the stability of moving averages in all time frames, the other is price action and support ranges, and finally Ichimoku and time analysis. I must say that my suggestion is a 15-minute upward movement of this currency, and after that,...
On AUDUSD, we have a price currently in the 0.6680 zone after bouncing off a very strong value gap created on Friday. The price could now decline to the 0.66 zone where we have another value gap that would allow us to quickly return to the 0.6680 zone. Share your opinion; we would be delighted to hear it. Greetings from Nicola, CEO of Forex48 Trading Academy.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.