EURJPY Will Collapse! SELL!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.23 pivot level.
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 - 159.59
Recommended Stop Loss - 162.09
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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Eurjpy!
EURJPY returning back to the primary trend directionPrimary trend: Long
On July 10th a new high was made, and the RSI showed a Overbought condition, leading the direction to change, and create a secondary trend for about 2months
The secondary trend stopped at a support, and RSI showed Oversold condition and the price rise again with strong candles.
RSI has already crossed the 50 level and a pattern.
#EURJPY 1 DAYEURJPY (Euro / Japanese Yen)
Timeframe: Daily (1D)
Pattern: Downtrend
The daily chart of EURJPY reveals a pronounced downtrend, characterized by a series of lower highs and lower lows. This pattern indicates that sellers have maintained control over the market, leading to consistent price declines over time. The downtrend reflects a bearish sentiment among traders, as the currency pair struggles to regain upward momentum.
Forecast: Sell
Given the established downtrend, the forecast suggests a selling opportunity. The likelihood of continued bearish movement remains strong, as the pair has not shown any significant signs of reversal or stabilization at this point.
Technical Outlook:
Resistance Level: The recent lower high points, which may serve as potential entry points for sellers.
Support Level: Key support zones below the current price, where a breakdown could trigger further selling pressure.
Key Levels to Watch: A sustained move below recent support levels would reinforce the bearish outlook, potentially leading to further declines.
Traders should be vigilant for confirmation signals, such as bearish candlestick formations or increased volume during price drops, to validate their entry strategies.
Keep an eye on economic news and geopolitical factors that could influence the Euro and Japanese Yen, as these may impact price dynamics in this pair.
EURJPY | RETOUR VERS LE SUPPORT OU NOUVEAU SOMMET ?
💡 Contexte Général : Le marché de l'EURJPY montre actuellement une tendance haussière soutenue par un rebond sur un important support liquide. Les acheteurs sont actifs, mais des zones de résistance sont à surveiller pour une consolidation potentielle.
💡 Analyse technique : En H4, le prix a récemment touché la trendline baissière, ce qui a provoqué un rejet vers deux blocs de liquidité.
💡 Configuration Ichimoku : Actuellement, le prix est en dessus du nuage Ichimoku, ce qui laisse place à une possibilité de correction à court terme.
💡 Synthèse des Scénarios possibles :
- À la hausse : Un rebond sur les blocs H4 pourrait permettre de viser l'objectif de 163.897.
- À la baisse : En cas de cassure de la tendance haussière, une correction pourrait ramener le prix vers les blocs de support et potentiellement vers 155.168.
💡 Évènements à surveiller : Les annonces économiques liées à l'euro et au yen, ainsi que les mouvements sur les obligations japonaises, pourraient influencer la tendance.
⚠️ Attendez de bonnes confirmations bullish/bearish avant d’entrer en position.
Laissez un maximum de 🚀 pour soutenir l'analyse.
Trend following low risk tradeRSI divergence, reversal on the trendline confirmed by price action. On lower timeframe we can see MA50 acting as support as well as a bullish engulfing candle.
1:1 low risk trade if entering now. May have more entry opportunities for better risk-reward if price later pulls back to the trendline.
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 1H timeframe
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EURJPY Expected Growth! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 156.39 pivot level.
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 - 158.45
Recommended Stop Loss - 155.23
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Could price reverse from here?EUR/JPY is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.52
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 161.22
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 157.48
Why we like it:
There is an overlap support level.
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EURJPY TRADE UPDATE AND ANALYSISIn this video i share a quick recap on the trade i took from the previous analysis (link in description), after seeing the daily candle close bullish above the high if the last bearish day which confirmed a break of structure on the 4hr timeframe and i went long at the pullback to 157.500 and 38.2 fib area (confluence)
EURJPY - 4hrs ( Buy Trade Target Range 280 PIP ) Pair Name : EUR/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Buy Opportunity ) Reversal
Type : Mid Term Swing
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💠Bullish Reversal 156.500
💠Chance of Successful break out of this level 70 %
This level have 3 Reversal on mid term in history
💠mention key level with numbers / and why
Our Key level of Reversal is so strong 156.500
Price already retested it many time's and this level have no fake outs
💠mention is there a crosses ( trend or Channel ) with level and why ?
yes - our break out level have cross with Channel Break Out in same area of reversal
and this channel have best shape 3 bounce From The upper ban
and 3 Bounce From the lower band
💠mention is there a volume in this level
yes we have a very good Low volume in this area that's make the price move Steady and
No Volatility
💠mention is there a sociological numbers with number and why
yes our break out area is a sociological Daily Major Area
💠mention the back ground is bullish or bearish and why
yes our back Ground is bullish Cuz we have a very healthy Retest candle
also we have Fib Golden zone 1.26 %
EURJPY - Look for Reversal Long (INTRADAY) 1:4!The JPY pairs have experienced a significant drop due to the recent Yen hike and are now consolidating around the HTF support. There’s potential for a temporary rejection at the Demand Zone, presenting an opportunity to go long, aiming at least for TP1.
Let's see how the market moves as we start the week!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
EURJPY Long SignalDoji Candlestick with ultra high volume on Daily & Weekly timeframe, started at 5-Aug, mean the downtrend is going to be stopped.
Doji Candlestick have been broken up next week of 5-Aug
Consolidation (price correction) started since 15-Aug till now
price it closed to 0 Fibo percent, which is strong support level of the price on weekly and daily frame.
enter buy when find weak shape,
- could be on very low volume on daily time frame, enter next day
- or divergence on 4H time frame support long signal (buy)
Target
T1 @ 163
T2 @ 165.6
the direction could stay long, but we have to wait the price behaviour at 165.6
EURJPY : Long Signal with Entry/SL/TP
EURJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry - 157.20
Stop - 156.22
Take - 158.77
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURJPY Potential Sell SetupHere are the recommended trading levels:
Entry Level(Sell Limit): 157.493
Stop Loss Level: 159.597
Take Profit Level 1: 155.546
Take Profit Level 2: 153.285
Reasons for bearish bias:
- Price was rejected at a key resistance level
- The overall trend is bearish
- Entry point is at the 0.618 Fibonacci retracement level
- TP is set at a recent support level
- RSI is synced with the bearish outlook
Potential bullish rise?EUR/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the overlap resistance.
Pivot: 155.90
1st Support: 153.30
1st Resistance: 159.41
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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Is the Yen Set for a Comeback? Analyzing EUR/JPY,GBP/JPY,CHF/JPYThe Japanese Yen (JPY) has been one of the weakest currencies in the past three years, with some pairs experiencing a significant 70-80% devaluation, particularly against CHF, EUR, and GBP (CHF/JPY, EUR/JPY, GBP/JPY).
However, since reaching a low in early July, the JPY has shown signs of reversing.
When looking at the JPY Index (see posted chart), we can observe that the price recently broke above the falling resistance line within its downward channel.
After initially stalling at resistance, as marked by a bearish Pin Bar, the subsequent fall lacked continuation and instead reversed upwards.
Currently, the JPY is on the verge of a significant breakout.
If this breakout occurs, the technical target for the next mid-term move is around 860, which would represent a potential 10% appreciation for the Yen.
Key JPY Crosses to Watch:
EUR/JPY:
After breaking out of its rising channel, EUR/JPY confirmed the breakout as valid and has begun a downward trajectory. Yesterday's strong bearish engulfing candlestick suggests that further downside is highly likely. A possible first target could be the 150 zone.
GBP/JPY:
GBP/JPY attempted to recover above its broken support but failed to hold those gains. Like EUR/JPY, GBP/JPY also printed a strong bearish engulfing pattern yesterday.
This suggests a lower high may now be in place, with potential downside targets around 178.50, followed by the 170 zone, which seems a strong possibility.
CHF/JPY:
www.tradingview.com
CHF/JPY has seen one of the largest devaluations of the Yen, amounting to almost 80%. The top in this pair was marked by a head & shoulders pattern, and the price is currently sitting at the neckline. A break below this level seems imminent, with 160 being a likely target. If the correction deepens, we could even see a move toward the 151 level.
Conclusion:
These are long-term predictions, and I anticipate these movements to materialize by the end of the year.
P.S: Stay updated on these charts as conditions evolve. These predictions are based on technical analysis and market patterns for long term, so monitoring changes is crucial.
Best Of Luck!
Mihai Iacob
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ).
EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline.
GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe.
GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.