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Eur-jpy

EURJPY 4hour Analysis August 22nd, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on. Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
Short
by ForexLeague
Fundamental Analysis for the U.S. dollar Pre-Sydney Open Global markets have been left licking their wounds this week, as a variety of external factors have caused mood to sour somewhat following what has been an amazing run for stocks over the past several months, according to the Financial Times. Investors may be a bit perplexed as to what has been driving market sentiment in recent sessions since there is so much going on in the globe at this point in time. One of the most contentious issues is the continuing spread of the Delta strain across the globe, with a substantial increase in the number of cases being reported in countries such as the United States, China, and Australia. Even with high vaccination rates, it seems that the virus is still extremely contagious, casting doubt on the possibility of a return to normality and, with it, a complete economic recovery in the near future. However, equities had been doing well up until this week, when the Federal Reserve published its meeting minutes from its most recent meeting in July, indicating that tapering of asset purchases was now being contemplated by the central bank. The fact that the Fed has publicly acknowledged this move comes as no real surprise because economists have been predicting it for months. However, the fact that the Fed has publicly acknowledged it makes it just that little bit scarier, which is what some economists have cited as the primary reason for the stock market selloff. While looking at the bond market, rates have maintained their decline this week, which is in contrast to the reaction you would anticipate after hearing the Federal Reserve announce tapering, the first step in unwinding its ultra-loose monetary policy. In light of this reaction, I believe that there is a little more to it than just concerns about less flexible financing conditions, with it most likely being a combination of tapering, economic growth concerns, and virus concerns, in addition to a market that had become overstretched after months of outperformance, among other factors. Looking forward, the Jackson Hole symposium is expected to be one of the most important risk events for stocks next week, as investors will be paying careful attention to the comments made by central bankers at the conference. Mr. Jerome Powell, as many experts anticipate that a formal announcement of tapering asset purchases will be made at this meeting, with the start date as soon as September or November this year, will be Jerome Powell's crowning achievement. If the news is verified, I would anticipate stocks to experience another pullback, but the extent of its follow-through is likely to be limited unless other external variables deteriorate at the same time, which is unlikely given the confidence that the announcement will take place. Alternatively, if Powell decides to put a pause on tapering discussions for the time being, we might see markets gain a little momentum and reverse some of this week's declines.
TVC:DXYShort
by SteadyTradeAI
EURJPY 4hour Analysis August 15th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point. We have a strong bearish trend with great structure forming so if we see confirmations we’re entering. Look to enter short if we get a retest and reversal of the recently broken triangle pattern. Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
Short
by ForexLeague
EUR/JPY potential MASSIVE DAYTRADE! ONLY ENTER WHEN RETEST SOON!Hello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the pair EUR/JPY where we had a nice impuls and corrective move. Structure kept on breaking above and now made a lower low/high. Bearish pressure is allready pushing market-price down. We also have seen the counter-trendline break wich indicates we are bearish. Last but not least we see the market create a potential H&S wich also indicates the bears are ready. So now we wait for our indicators to give us a valid entry and when all rules are satisfied we take the trade. Have a good week!
Short
by FXT_TL
EURJPY Facing bullish pressure | 11 Aug 2021EURJPY broke above descending trendline resistance (now support). A further push up above graphical overlap support and 23.6% Fibonacci retracement at 129.629 towards graphical swing high resistance and our take profit at 129.964 could be possible. Technical indicators are showing room for further bullish momentum as well. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
EURJPY in a descending channel 🦐EURJPY on the 4h chart is moving in a descending channel and reached the 129 area. The price, after the test of the weekly support, made another test of the weekly ascending trendline and now is creating a lower high. According to Plancton's strategy, if the price will break below and satisfy the Academy rules, we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
EURJPY testing a weekly structure 🦐EURJPY on the 4h chart has reached the 129 area. The price after the test of the weekly support made another test of the weekly ascending trendline and now is creating a lower high. According to Plancton's strategy if the price will break below and satisfy the Academy rules we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
EURJPY testing a weekly structure 🦐EURJPY on the 4h chart has reached the 129 area. The price after the test of the weekly support made another test of the weekly ascending trendline and now is creating a lower high. According to Plancton's strategy if the price will break below and satisfy the Academy rules we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
EURJPY 4hour Analysis July 24th, 2021 EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ again is somewhat difficult to analyze this week as there is potential for a lot of movement. We have narrowed down the most likely scenarios here as price action rests at resistance near 130.000. Ideally we’d like to continue with the overall bearish trend as it’s more likely that we will see a strong reversal at the current level. If we spot a reversal with good bearish setups we will enter short and target toward lower support levels. Trade scenario 2: If we see a break above 130.000 with a significant higher low we will consider taking long setups into key resistance levels.
Short
by ForexLeague