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Eurjpyanalysis

EURJPY Long Term Selling Trading IdeaHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EurJpy- Close to a support breakIn my weekend analysis about Jpy crosses I said that we should keep a close eye on these pairs because, although UsdJpy is still in a strong up trend, cross pair may have topped. In EurJpy's case, yesterday the pair had a spike up, this spike was very short-lived lived and EurJpy reversed strongly and closed the day with a huge bearish engulfing. At this moment the pair is trading exactly in support zone and looks like pressing for a break. In such an instance, considering we had a month of range and distribution, we could see down acceleration, and the medium target could be 151.50. Interim support is at 154 and this level could also represent target for shorter-term traders.
Short
by Mihai_Iacob
19
Range-bound EUR/JPY: Is Distribution in Play?A few days back I discussed UsdJpy, saying that even though there is a high divergence between FED's and BoJ's policy, at the same point the pair could reverse hard. In EurJpy's case, however, things are not exactly the same and technically, we even have strong signs of topping. Looking at the h4 posted chart we could see that for a month and a half now the pair is in a range and in fact, it looks like pressing down so it could be in fact, distribution. That being said, as long as 158.50 is intact, I looking to sell rallies in anticipation of a break under support. As for the target, 153 is a pretty reasonable one if we have a genuine break
Short
by Mihai_Iacob
2
EURJPY Has Been in a Long-term Upward TrendEURJPY has been in a long-term upward trend since the start of the year, reaching a new 15-year high of 159.75 on August 31. The price has been trading without a clear direction around 158.00 since then. The bulls could aim for the 15-year high of 159.75 if the sideways pattern breaks to the upside at 161.00. The pair could reach fresh multi-year highs if it rises above that zone, but the February 2008 peak of 161.40 may curb further advances. The April 2008 high of 164.95 could be challenged if the price doesn't halt there
by FKW-Millions
Double top on EUR/JPY hourlyLast week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests it is a corrective move. momentum has turned lower on the 1-hour chart, so the bias on the 1-hour chart remains bearish below 158.53 and for an initial move to 157.80. We also expect lower prices given the structure on the daily timeframe.
Short
by CityIndex
EurJpy could lose supportSince the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure. In August, the pair consolidated, and this consolidation could very well be distribution. Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses. As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support. In the medium term, however, the pair could drop even to important 151.50 support.
Short
by Mihai_Iacob
10
EURJPY: Thoughts and AnalysisToday's focus: EURJPY Pattern – Range support test post LH trend break. Support – 157.05 – 155.85 Resistance – 158.40 – 159.40 (area) Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching. The JPY has started the week on a strong note with solid gains so far to the EUR, GBP and USD. The GBPJPY is also showing similar signs to the EURJPY, but we zoned in as there have been a few price signals in a row that could be backing up a new move by sellers. Sellers continue to test the range bottom after breaking the fast trend and setting up a new lower high around 158.40 resistance. From here, if sellers are going to try a new run, we would like to see a decent to strong close lower that beats the range and 157.05 support base. Then, we will look for a new move lower that could test 155.85 or below. If price can fight back and close back above 157.05, this could be a sign that seller strength might not be that strong. Have a great day and good trading.
Short
by Eightcap
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.
Long
by Sphyn-Trader
4
EURJPY I Potential retrace and decline to downsideWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
11
EUR/JPY: Has it topped?A multi-month bearish divergence has formed on the EUR/JPY daily chart. And whilst the trend remains bullish, it has made harder work of gains in recent months whilst the bearish divergence formed. There's also reason to suspect BOJ members are getting read to increase their verbal warning shits, with one member yesterday remining traders that they are watching currency movements. And with a renowned ECB hawk making a slightly dovish comment, EUR/JPY posed its worst daily gain in five weeks on Thursday. The near bearish engulfing candle (the open was slightly below Wednesday's close), a growing case for a yen reversal and euro top, makes us suspect EUR/JPY is at or very near an inflection point. From here, bears could seek to fade into minor rallies below 160 in anticipation for an initial move lower to 155.50.
Short
by CityIndex