EUR-JPY is trading in an Uptrend and the pair broke Out of falling channel pattern which reinforces our Bullish bias and makes me Expect a further move up After the local correction !
+ 1.) weekly momentum candle and then strong candle with rejection 2.) daily orderflow bullish 3.) hit daily fib. level (0.618) / daily level and fvg 4.) 4h divergence on daily orderflow small pullback then long
Similar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.
Currency stability is a hot topic in financial markets today as investors prepare for meetings of major central banks in Japan and Europe. The Japanese yen registered a notable gain, trading at 147.74 yen against the dollar, as markets awaited the Bank of Japan's upcoming monetary policy meeting. The bank is expected to maintain negative interest rates, a stance...
The analysis of the pair suggests that the upward correction is close to completion and this week we can expect the continuation of the downward movement. All this means that it is time to cover longs and take short positions. Recommendations. 1. Levels for short entry: 161.50; 163.40. 2. Target: 156.00 3. Pay attention to the size of swaps on short positions of...
There wasn't much news of note on the day, except for some news regarding the energy market. Qatar has reportedly suspended LNG transport through the Bab el-Mandeb Strait (Suez Canal). Houthis fire cruise missile at US Navy ship Oil prices have risen, but not by a large amount Political news: William Lai was elected president of Taiwan in Saturday's...
Pair : EURJPY ( Euro / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Wave and Completed the Break of Structure and Retracement with Strong Divergence
Asian trading volumes on Monday were slightly affected by the Japanese holiday. The yen rose 0.1% after falling to nearly 145 yen to the dollar on Friday. The earthquake that hit central Japan also caused the Japanese currency to suffer its worst weekly decline since late 2022. Post-disaster economic stimulus and recovery measures could delay the Bank of...
Hello Traders! This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800. Traders, if you liked my idea or if you have a different vision related to this...
EURJPY recently displayed a break in both the trend line and the support zone, followed by a subsequent pullback to the established zone. Despite encountering some market fluctuations, current indications suggest a potential downturn towards the specified level. Your thoughts and comments on this analysis carry significant value and are greatly appreciated. If you...
OANDA:EURJPY cross extends its downside near 156.60 during the early European session on Thursday. That being said, the upward revision of economic growth estimates by the Japanese government lifts the Japanese Yen (JPY) and creates a headwind for the OANDA:EURJPY cross. From the technical perspective, OANDA:EURJPY keeps the bearish potential intact as...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
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.
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.
Pair : EURJPY ( Euro / Japanese Yen ) Description : Completed Impulsive Waves " 12345 " and Corrective Waves " abc " and makings its Impulsive Waves ( Bearish ) Again. Rising Wedge as an Corrective Pattern in Short Time Frame and it can Reject from the Upper Trend Line or Fibonacci Level - 78.60% Entry Precaution : Wait for Rejection or Breakout
OANDA:USDJPY Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. OANDA:EURJPY The OANDA:EURJPY ...
OANDA:EURJPY clipped the 161.00 handle on Tuesday, etching in a 15-year high as the pair clatters along the ceiling heading into a round of EU Retail Sales figures. OANDA:EURJPY bump into the 161.00 handle sets a fifteen year high for the pair, and is continuing to push further away from the 50-day Simple Moving Average (SMA) after rebounding from last...
Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish. Here what we...