EURJPY Resistance Cluster!EUR-JPY is trading in a downtrend
And the pair is going up now
In a bullish correction
But after the price hits the
Resistance cluster at 142.141
I Expecting a move down
Towards the target below
Eurjpybreakout
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe EURJPY can reach 138.651 LEVEL and it has gone down.. 138.65 is a very good SUPPORT LEVEL..
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 147.692 LEVEL. For that, VIX should be DOWN and JPY should be WEAK.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are BUYING very fast right now. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe it can reach 143.711 LEVEL. 143.711 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 137.06 LEVEL. For that VIX should be UP and JPY should be STRONG. eurjpy
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
EURJPYM; bullish
w; bullish
d; bullish and also stuck in a range, if it broke the structure imma be looking for sales tho
4h; sideways
if the price broke below the previous structure and S/R zone that is a change of the trend and imma look for the price to be below the 50/20ema and an engulfing candle break
then the 1h signals; below the 200 and price is away from the 14 and 5 ema
eurjpy buyeurjpy false double top inducing sellers.
buy on the retracement to continue with the major uptrend
EURJPY Potential Long into 144.000Confluences
1. Overall Uptrend
2. Weekly FIB 38.2%
3. Structural zone
4. Broke the trendline channel
5. Made a higher high and low
EURJPY Will Fall!EUR-JPY is retesting a strong falling resistance line
That confluences with the horizontal resistance level at 136.579 areas
Which makes me bearish on the pair
And I think that a local bearish pullback
Is coming, with the target being a local support below AT 132.869
EURJPY Short From Resistance!EUR-JPY surged higher to retest
The horizontal resistance level at 137.555
So I think that a pullback
And a bearish move down
Towards the target below 132.791
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0540 LEVEL. It's just below the DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0076 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of STRUCTURE. Then there will be DOWN.
- Currently the SENTIMENT of the OVERALL MARKET is leaning towards the RISK ON. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES is showing a UP SIDE BIAS right now. MARKETS currently have a NEUTRAL SENTIMENT, but the RISK ON SENTIMENT is too heavy. HIGH BEATA CURRENCIES are also UP going very well.
- EURJPY PRICE can be DOWN to 134.642 LEVEL before UP. After that you can UP up to 140.500 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
Mar 1, 22 EUR/JPY one year low-Buy Opp?Looking at the Daily chart, EUR/JPY has touched a one year low today. Will it keep going lower? Or is this a good time to get into a Buy Opportunity?
We will still need to look at the next few days to see what's in store for price action movement. As in my system, I will be looking for a Bullish Divergence Candle to confirm a good entry point for a Buy opportunity.
I will keep you posted.
Heiko
EURJPY positionThis entry was simply based on the trendline violation principles. of course other confluences had to be adapted before making an entry.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key
#Trade_Like_A_Magnate
EURJPY ANALYSIS 22/7/2021As you can see from this EURJPY forecast we expect to enter and exit the market as shown on the chart. We buy and sell as shown on the chart. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
EURJPY Got Rejected After Retest
Welcome back Traders, Investors, and Community!
Hi Traders, EURJPY on H1 has broken below the Support and has retested it, got rejected by a large red candle followed by several red candles which indicates we have the potential to go lower but before going lower it might go up to around 131.54
⬇️Sell now or Sell at 131.54
⭕️SL @ 131.96
✅TP1 @ 130.75
✅TP2 @ 130.20
✅TP3 @ 129.55
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
EURJPY: Will Going Down SoonHi..
I have idea for this pair.
I think will reject from resistance and continue going down.
Leave comment below for any idea and dont forget like this idea.
EUR/JPY Retraced to SupportAs stated in my last analysis this has now retraced back to support after it broke through a major downward trendline. If this can reject this support and stay above the trendline we can long this. It has just made a sharp downward move so this could sharply rise again but the safest way to trade is to wait for the market to calm before entering a trade. MACD is well above 0 so its still bullish and we need to see EMA's stay long. If this stabilises at support then a target of 129.234 can be set.
EUR/JPY BreakoutAs previously reported on this pair this has now started to break above the resistance and trendline. This a major trendline so this is a significant move that could possibly end up a false breakout but a trade can still be entered with the right conditions. I want to see this retrace and test the support and/or trendline before rebounding upwards again before entering a long. I am setting the initial target for take profit at 129.234 with SL below the support.
EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
