Waiting to see what happens with EJ, the yen pairs have been confusing alot of traders over the past two weeks. I have made ALOT of blown accounts in my time when I was up and coming, so waiting for confirmations has been a hard lesson to learn. Overall EJ is bearish in my eyes however I'm still waiting
EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.
Hello,Friends! EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 160.846...
A clear DT in #EURJPY Daily and confirmed it by retest the neckline.
welcome here is my eurjpy short idea its based on overall bearish market after bearish sequence price came back to test 61,8% fib price is trading weekly pivot lets see how this setup plays out
I am publishing this Setup after market has given CHoCH at 3 min time-frame, and taken inducement. Thank You.
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
MARKET PHASE OANDA:EURJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above...
Technical analysis of the EURJPY currency pair indicates a potential decline to the 157 level. Target Levels: Target 1: 157.96 Target 2: 157.60 Stop Loss: 160.50
eurjpy is trying for a strong drop, if we can catch its wave, we will get a good profit, according to the analysis, a twin ceiling can be seen in the picture and a pullback that confirms the failure.
This pair is in between two key levels of structure showing bullish momentum. I have placed my limit order at a 30min zone to be retested before continuing with the uptrend to a 1HR level of structure before falling to retest structure below. Alternatively price can fall to the lower structure before continuing the uptrend.
Hello,Traders! EUR-JPY keep going up But the pair has almost Reached a horizontal Resistance level of 162.127 From where I think We will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
In Monday's Asian session, the EUR/JPY pair maintains a positive stance near 162.55, trading with strength below the resistance zone of 162.00. This uptrend is fueled by investor optimism surrounding the potential shift in the Bank of Japan's (BoJ) monetary policies, expected to occur in March or April. The BoJ's upcoming interest rate decision, scheduled for...
-Previous Day candle closed Bullish. If we are looking for buys we will take on until 19th jan 24 and TP 2 15 feb 24 daily resistance. - If we are looking for sells we take on until tp 1 19th nov 07 and tp 2 on 12th feb 24 daily support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to opposite...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000. Like, comment and subscribe to be in touch with...
EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30)...
The Bank of Japan has now signaled that the era of deflation is coming to an end, leading to a market consensus that this week's interest rate decision will mark the end of the negative interest rate policy. Additionally, the ongoing employer-union negotiations in Japan for the past two weeks could conclude this week, and significant wage increases could trigger...