USDJPY is rising toward the pivot point close to the 161.85 extension and 100% Projection and could fall to a support level
However, a break above the pivot might lead to an ascent towards the next resistance
Pivot: 166.98 - 167.20
Support: 165.33
Resistance: 169.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you...
Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY...
EURJPY is in a bullish trend making Higher-Highs and Higher-Lows. The trade plan is based on Entry at the breakout of previous High and Stoploss below previous low of the trend. TP1 is 1:1 and TP2 is 1:2.
There is no divergence on RSI and no break of trendline so the trend will most likely continue in its direction.
Simple design with potential zones of influence for the price action for support/resistance. Hoping to catch at least 3 turnarounds/reversals at the marked levels/zones.
Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be...
Traders, let's take a look at EURJPY on the 30-minute timeframe from an Elliott Wave perspective. We've observed a noteworthy impulse pattern and it looks like we've completed wave (3). Now, it appears we are in a corrective phase for wave (4), which could be an opportunity to prepare for the next potential move.
The chart indicates that wave (4) is retracing...
The recent price action on the EURJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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Thesis: EJ has tapped into previous day support. It has since then printed a ‘morning star pattern’ that has been retraced 50% into by the following hour candle which ‘closed bullish’.
Hello Traders! Let's delve into the EURJPY daily chart, where an intriguing opportunity is unfolding. The current setup illustrates a U-shaped pattern, resembling a classic cup and handle formation within an existing uptrend.
A distinctive U-shaped pattern, indicative of a cup and handle formation.
Noteworthy uptrend in the market, enhancing the validity of the...
EURJPY is in a support and resistance zone with double touches, making it little stronger and we can see price tap the second time and if we zoom to the 30mins TF, we can see it clearly. We wait for breakout and retest and we go short
EURJPY formed a rounded top near dynamic resistance and returned to the ascending channel.
The chart has formed a pattern AB=CD.
The past touch of the dynamic resistance ended in a reversal of the move.
We are expecting a pullback.
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Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 165.195
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 164.439
Why we like it:
There is a pullback support level which...
EURJPY is currently experiencing a robust uptrend.
Following a recent high, the market has been trading in a wide horizontal range.
A bullish breakout above the range's resistance could indicate a continuation of the upward trend, potentially leading to price levels around 166.00 / 166.50.
![EURJPY: Differential & Intervential :) [Apr 23]](https://s3.tradingview.com/u/uXQytWxT_mid.png "Differential & Intervential :) [Apr 23]")
