EURJPY may retrace from a key daily horizontal resistance. The market looks quite overbought after quite an extended bullish movement. A cup & handle formation on an hourly time frame indicates a local strength of the sellers. I expect a retracement at least to 166.76 support. ❤️Please, support my work with like, thank you!❤️
EUR/JPY Technical Analysis: - Current Pattern: Rising Wedge - Implication: Bearish (Potential Price Decline) - Expected Target: 0.382 Fibonacci Retracement Level
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...
EURJPJ broke all-time high a technically bearish price action has been established showing indicating weak bullish continuation. Before you are the zones I expect reversals to support the bearish trend.
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into...
The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit. Entry: 167.15 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 168.62 Why we like it: There is a pullback...
Japanese Yen weakened after intervention, USDJPY increased Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
So the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play This is the video I talked about USDJPY similar pattern So we could see price retrace to 61.8% fib...
OANDA:EURJPY is in overall bullish trend, forming a strong ascending trendline. Recently, after a strong bullish move, It has been retracing towards discounted fibonacci levels. It might continue its bullish momentum from these levels after trendline retest where we can look for long opportunities.
Bought yesterday, did the same two weeks ago before the BOJ intervention. Still a big diference in interest rates of both pairs. Be careful on JPY pairs , BOJ can intervene again. Fundamentals are everything.
My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 164.62 Bias - Bullish Technical Indicators: Supper Trend generates a clear long ) signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 166.50 About Used Indicators: For more efficient signals,...
BUY EURJPY for uptrend continuation STOP LOSS : 164.63 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
Here is a details analysis of EURJPY: EUR (Euro): 1. Scorecard: Bullish sentiment, indicating an expectation for an increase in value. 2. COT-FLIP: Bearish sentiment, suggesting a potential decrease. 3. Seasonal Analysis: Bearish outlook, implying a likelihood of a decrease. 4. Fundamentals (LEI, ENDO, EXO): All bullish, indicating positive economic factors that...
Pair : EURJPY Position : LONG ( BUY ) Entry 1 : 169.575 STOP LOSS @ 169.215 TP 1 @ 169.975 TP 2 @ 170.375 TP 3 @ open ( Trailing SL )
I notice a head and shoulders pattern forming. I placed my Fib setting correctly from my TWP resources. I check the support and resistance levels and came up with this Bearish trade.
The market will create deep pullbacks in the market as well as fake choc but will still be on uptrend
Market has been pushing up into an area of interest since last week At these levels, lets be observant to see any possible trades for a pull back Moving averages suggest a possible pull back Market sentiment is majority short Big trend is still bullish I'd still wait for a much better entry point for a short, it's a better habit to enter at a second rejection...