EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Eurjpy!
EURJPY 30m Analysis. Day trade signal!Hello everyone. I want share my idea about EURJPY pair.
Couple weeks ago we this pair was in 2008 strong weekly sell zone after strong price up movement. from here we got 2 rejection at high timeframe, when it touch second time it made some liquidity and came strong down. i am not saying EURJPY will change trend but i think we will have some price correction here which is good for day traders for catch some movement.
Second reason i think this pair is short JPY index after big rally downside it stopped and i think it time for start correction.
Here is my signal setup.
Open position - 158.240
Stop loss - 158.600
Take profit - 157.000
At my profile you can see my another signals and ideas.
Good luck everyone! Manage your risk!
EURJPYI was bearish on eurjpy for the last week due to the weekly and daily charts, however, when I look at the 2w timeframe there is a completely different bias because on the last third candle price successfully engulfed its previous candle high and it seems like it is picking up orders especially on the psychological level at 157 twice for the next move to the highs.
EUR/JPY Forecast: Analyzing the Future OutlookThe pair has maintained a sustained upward trajectory for an extended period. Building on the success of our last week’s analysis, we anticipate a continuation of this upward trend in the upcoming week’s trading session. Our strategy is visually represented by the arrow’s direction on the chart. Stay tuned for more comprehensive updates in the forthcoming week.
Strifor || USDCHF-09/08/2023Preferred direction: BUY
Comment: The extreme ideas for the franc gave were the most effective, we considered buy-deals. Now the story is the same, and the power of the buyer is still great. At the moment, we expect growth to 0.9000
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Strifor || USDJPY-09/08/2023Preferred direction: BUY
Comment: Yesterday's attempt to continue growth in the dollar was not successful; it only succeeded in taking a small part of the distance for all previously analyzed instruments. As for the Japanese yen, everything remains in favor of buyers, and we continue to expect short-term growth towards the level of 148.500.
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EURJPY in a trend of higher lows.EURJPY - Intraday
Indecisive price action has resulted in sideways congestion on the intraday chart.
A Doji style candle has been posted from the base.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
Further upside is expected although we prefer to buy into dips close to the 157.40 level.
We look to Buy at 157.40 (stop at 156.90)
Our profit targets will be 158.60 and 158.90
Resistance: 158.05 / 159.85 / 160.80
Support: 156.60 / 155.50 / 154.70
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EUR/JPY Long A Break above creates more Buy PressureEUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However, unless the cross breaks below 145.50-146.50 (including the 200-period moving average on the 240-minute charts) the bullish pressure is unlikely to fade away.
Major Trend is Bullish
EURJPY H4 | Bullish bounce of 50% fibo?Price could retrace back to the 50% fibo retracement and at the overlap support level, which is right around our buy entry at 157.83. Our stop loss is at 157.24, which is a multi-swing low support level. Take profit is at 158.42, which is a multi-swing high resistance level, aligning with the 50% retracement and 78.6% fibo projection.
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Strifor || USDJPY-09/06/2023Preferred direction: BUY
Comment: This currency pair did not break through the level of 144.900 and the price began its next rapid growth. We also assumed such a scenario in previous ideas, although the main idea was in shorts. Now the fall is not yet expected and growth is considered confidently to the level of 149. The level of 150 is also considered. There, in fact, it will be necessary to consider potential short deal.
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EURJPY: Expecting Bearish Continuation! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell!
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EURJPY: Today!Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17) and potentially lower levels. Conversely, if there is a break above 159.75, it will indicate a continuation of the larger uptrend instead.