I was bearish on eurjpy for the last week due to the weekly and daily charts, however, when I look at the 2w timeframe there is a completely different bias because on the last third candle price successfully engulfed its previous candle high and it seems like it is picking up orders especially on the psychological level at 157 twice for the next move to the highs.
EURJPY - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns....
EUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However,...
waited for bullish confirmation - there was flexibility on the clean traffic to the left but once bull candle closed, there was clean traffic, only underneath multiple red candles in uptrend - good setup over all!
Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17)...
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
Support Levels: Support 1 @ 156.866: The level at 156.866 serves as an immediate support zone on the hourly chart of EUR/JPY. Support levels are where the price typically finds buying interest and may reverse its downward movement. Traders should keep a close eye on this level, as a breach below it could signal increased bearish pressure. Support 2 @...
Here is my analysis for EURJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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
Waiting for a retest of 157.548 to long EURJPY back to swing highs at 159.331 If you agree drop a like and if you have any questions leave a comment :)
Here is my analysis for EURJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
the price has formed a cup and handle pattern, and you can see a U shape on both sides, if the prizes breakouts, the prize will continue upwards. An agressive entry would be to enter now cause of the engulfing 4 hour candle
Hello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
the price broke a key resistance area on the daily and formed a small pullback on the 4 hour, now it looks like the price will continue to trend upwards on the 1 hour timeframe
EUR/JPY’s break of 158.03 resistance last week confirmed up trend resumption. But as a temporary top was formed at 159.20, initial bias is turned neutral this week for some consolidations first. Downside of retreat should be contained above 155.51 support to bring another rally. On the upside, break of 159.20 will target 61.8% projection of 139.05 to 157.99 from...
Waiting for a retest of 0.66230 to long EURJPY back to swing highs at 159.189 If you agree drop a like and if you have any questions leave a comment :)
After EURJPY breaking through strong resistance at 158.000, foresee market would agree its price continue breaking higher highs. However, JXY seems to have pull back next week, buyer would start collecting Yen at JXY support price, expecting EURJPY would fall to below 158.000 zone in short term. 170.000 next?