It may have escaped some traders notice that the JPY has been hammered in the last few months.
So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65.
Some of these are historic highs, in fact USD/JPY is a 30 year high.
I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and...
EURJPY price is in the important resistance zone 171.400 if the price cannot break through. It is expected that in the short term there is a chance that the price will go down.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURJPY Daily Trading Journal Analysis
Price had a bull week energetically gravitate towards the 2008 buy stops. Almost achieved it.
Its likely that price will take the buys stops for a weeks target.
I am curious if price will continue its bull rise or turn around and gravitate towards Fridays created FVG.
FX:EURJPY
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Hello Awesome Traders!
Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363!
Here are the key levels to watch:
UPPER TRENDLINE BREAKOUT: 165.363
Mid: 163.803
LOWER TRENDLINE BREAKOUT: 162.294
With this breakout, we're eyeing...
Hi friends, I brought the FOREX interesting charts
The buying force is making adjustments by beating the sell-off and rising.
If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
Hello Everyone,
EUR/JPY remains a favorable long-term buy, although current market activity shows sellers entering the scene. Presently, daily support levels have effectively propelled the price upwards, offering substantial reinforcement. Analysis of price movements indicates no immediate signs of a bearish reversal. Nonetheless, there exists formidable yearly...
Hello, guys.
This is ESS team.
We are cheering for your safe trading.
So, Let's talk about "EURJPY".
It is pleasure to RISING well.
Of course, We prepare for the EURJPY's next movement.
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Currently, It's RISING with middle line's support within the rising channel.
If candle is resisted at the GREEN line,
It could temporarily fall to the bottom...
Gartley bullish harmonic reversal pattern observed in EURJPY in 4 hours timeframe. The pattern is already formed with point D being the potential reversal zone and was the starting point for bullish reversal. The bullish trend is expected to continue and is good taking long positions.
EURJPY is completing breaish AB=CD pattern A Bullish divergence at PRZ is a good setup to BUy.
Always the same pattern.
Looking for liquidity.
Fundamentals coming, JPY should change trend soon.
This trade is ready to be a looser, so risk managed since the first moment.
As you can see in the chart, there are so many confluences with the price action.
Resistance spotted at 167.7 zone, considering the TF, it is wise not to ignore. Hence the possibility of heading back to 164 region is high.
Trade with caution, as this is not a financial advice, cheers
I expect to see price pump after that wild range.
SL 167.030
TP 168.010
Make sure to apply proper risk management.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below...
- The market has been trading above a bullish trendline since March 2024 ; the mid-term trend is then bullish.
- Lately, the market has registered a strong bullish acceleration that drove prices to the 171.591 level.
However, as the BOJ moved towards the end of the negative rates era, investors have quickly regained appetite for the Japanese Yen, which resulted...
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 167.64
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 165.91
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