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Eur-jpy

Chart EUR/JPY Update: Lower from 126.30 Fibonacci retracementThe test of the 126.30 retracement is giving way to a short-term pullback, whilst overbought intraday studies unwind. A break below congestion around 126.00 is highlighted, but rising daily stochastics and the improving Tension Indicator should prompt fresh FX:EURJPY buying interest around 125.50, before negative weekly charts extend losses still further. A close beneath here will add further weight to sentiment and put focus on 125.00. Meanwhile, a close above 126.30, if seen, will delay downside tests and open up 126.50/55.
by Continuum_Economics
EURJPY 4hour Analysis January 24th, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs. Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
Long
by ForexLeague
1
EUR/JPY- 1 Hour OverviewHello everyone! On 1-hour chart, we can see that the price reached a solid support zone, and then we can see that double bottom formed. Double bottom is reversal pattern ad we can see that sellers got rejected on that area and that the buyers are coming int the game. We should consider that the overall trend is falling and if you want to take a long position, you can target the next resistance area to set take profit order. -WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in the comment section! THANKS FOR READING! -If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support. -Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not Financial advice.
by lCrn49
6
KEEP it SIMPLE!!!Look how clean this chart is and how SIMPLE it is to understand! I really don't know why so many people insist on having 100s of indicators on charts where they cant even see what price is doing. We can clearly see a strong support level here on the daily (125) and this is where i am looking at price hitting before more bullish moves up. Now price has already come within 10 pips of this level so could push up from here, if i see a key level like this then i will normally set an order to go live 10 pips before the level in question just in case price doesn't reach. The level in question is strong support for the reason it has been used historically a number of times as support and resistance, recently breaking what was strong resistance so we then look for price to retest this level as support. If you have any questions about trading then feel free to come have a chat.
Long
by Premier_FX
7
EurJpy Analysis for Upcoming Days- Bearish momentum Heavy bearish close last week as we tapped into the recent highs set the week of Jan 4 , we corrected the move and continued the break below 127.076 and 126.818. We closed the week with lows New York set at 125.371. With JPY news coming out today 11:30EST, we can expect some sort of volume heading into London session. Not much volume expected until later Monday evening Asia session, due to US bank holiday tomorrow. Depending on the result of the JPY news Industrial Production (YoY)(Nov) , we may continue to break lower due to EUR closing down again from virus problem. Euro group meeting tomorrow to discuss vaccines shortage problem, as EUR scrambles to find a solution to permit loosening of lock downs. If we continue to break lower we will see some sort of break and pattern formation below 125.266. Targets for sells will be around 125.00. BUYS IF price starts to reject 125.366 area, we can start to anticipate buys above 125.785 area. Depending on how price behaves leading up to a buy scenario past 125.785 we can target levels 126.176. Again price will show bullish pattern formation above 125.785 area and correlate with session times for buys to workout. Updates for potential buy entry as we get closer to buy area will be posted at a later date.
Short
by Area618
EURJPY 4hour Analysis January 17th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall this pair has been very bullish over the last few months but we recently saw a major transition caused by immense bearish volume. We saw a major break of support at 126.000. Now we’re looking for structure, we want to see a pullback to test the broken zone and confirm a lower high. Look to enter short on a reversal from 126.000 Trade scenario 2: For us to consider long opportunities we need to see a major rally and break of 126.500 with a higher low above.
Short
by ForexLeague
EURJPY on a daily support 🦐EURJPY after the attempt to break the monthly trendline got rejected. The price which was moving over a dynamic trendline broke below and now testing an important daily support. IF the price will break below, according to Plancton's strategy, we can 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
16