Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY.
The neckline at 162.11 has been broken so I'm in SHOT on this pair.
The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1.
The double...
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INFORMATION
EURJPY if it broke and close above the key. The growth may continues
Resistance - 163.44
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❤️MY FOREX TEAM - Technical Analysis
Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS
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FOMC MINUTES make changes to current trend
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⭐️ Personal comments NOVA:
Strong resistance zone at 161,900, no important economic data today, correction DOWN
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 161.870 - 162.070 SL 162.370
TP1: 161.570
TP2: 161.270
TP3: 160.870
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas...
EURJPY continues to trade within a bullish channel, indicating ongoing upward momentum. The consistent adherence to this channel suggests a favorable environment for further upside potential. As the pair remains within this channel, investors are optimistic about its prospects for additional gains in the near term.
Hello Traders!
This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries.
In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries.
Traders, if you liked my idea or if you have a different vision...
EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance.
The neckline comes in at 160.74 which will be our entry.
We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger...
EURJPY moved higher to the resistance level in the ascending channel.
There's a nice kill zone to short at the resistance level, a fibo cluster, and a bearish harmonic pattern.
We expect a bearish move since it reched the psychological levle at 161.000 and completed the AB=CD pattern.
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Share your opinion in the comments and support the idea...
After reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162.
A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking...
Hello traders, we want to check the EURJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 158,400. Good luck.
EURJPY is approaching the upper border of the descending channel.
The market bounced off the resistance level by making a pullback.
Price action is printing lower lows and lower close, indicating a bearish trend.
The trend is bearish , so the price is likely to test the support level .
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Share your opinion in the comments and support the...
Hello Traders, here is the full analysis.
Tests resistance and the trend is down, 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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the...
Welcome back! Let me know your thoughts in the comments!
** EURJPY 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.
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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 !
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.
When examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute...
In the daily time and H4, an ascending channel is completing wave B. This corrective wave can be completed in two areas. The first PRZ range or the second red box range, which is 1.618 Fibo and the resistance range and daily supply. After the end of this wave, we should wait for a sharp correction wave C. After completing this wave (b), we will check the range of wave C.
⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support...
