FX:EURJPY Completed Bearish Gartley pattern: Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD Ratios: Safe trades;
Despite delicate situation on the Euro, EURJPY could be the most bearish pair involving the common currency; this simply because as the Euro remains under pressure, the Japanese Yen is usually considered the "safe heaven" of currencies, hence the biggest Euro weakness could show up here. Technically speaking, a H&S pattern is taking shape on the daily time frame,...
learn 2 trade like a pro boafx.com - Looking at the EURJPY pair for a sell at the moment after yesturdays relief rally I am expecting this to return to the previous lows of early Monday morning. You can see that we had rejection from the previous support area and the currency pair has already started to move down. Although this might just continue to the downside...
EUR/JPY finding resistance at 139.50's, price action on 1H + 4H looking indecisive/bearish. Long term trend line break adds further confirmation of short bias, short term down trend has formed on 1H time frame. Three tests of structure resistance on 1H time frame also indicates lack of upward momentum, short term bullishness is only abouve 139.50's. Looking...
OUR LONG POSITION IN EURJPY HAVE NOW BEEN BEEN CLOSED @135.00. THE SCENARIO IS THIS; THE PAIR HAS FAILED TO SUCCESSFULLY MAKE 125.30 A 4 HRS BEARISH CANDLE SUGGESTS FURTHER SLIDE IS EXPECTED. THIS IS ONLY A REVERSAL AND WE LOOK TO TARGET THE 131.15 AREA. *SHORT EURJPY = 135.00 *STOP @ 135.35 *TARGET = 131.15