EURJPY SELL 129.60In H4 price make a bubble top at 129.60 and teach the trendline.
Stop at - 130.00
Take Profit- 127.06
After 30pip take initial 50% profit and SL bring at 129.60 and let the runner run.
Eurjpyforecast
EUR/JPY:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT🔔🔔The Preliminary Japanese Jibun Bank Manufacturing PMI for August was reported at 52.4, the Preliminary Japanese Jibun Bank Services PMI at 43.5, and the Preliminary Japanese Jibun Bank Composite PMI at 45.9. Forex traders can compare this to the Japanese Jibun Bank Manufacturing PMI for July, reported at 53.0, the Japanese Jibun Bank Services PMI reported at 46.4, and the Japanese Jibun Bank Composite PMI reported at 48.8.
The Preliminary French Markit Manufacturing PMI for August is predicted at 57.3, the Preliminary French Markit Services PMI at 57.0, and the Preliminary French Markit Composite PMI at 56.5. Forex traders can compare this to the French Markit Manufacturing PMI for July, reported at 58.0, the French Markit Services PMI reported at 56.8, and the French Markit Composite PMI reported at 56.6.
The Preliminary German Markit Manufacturing PMI for August is predicted at 65.0, the Preliminary German Markit Services PMI at 61.0, and the Preliminary German Markit Composite PMI at 62.2. Forex traders can compare this to the German Markit Manufacturing PMI for July, reported at 65.9, the German Markit Services PMI reported at 61.8, and the German Markit Composite PMI reported at 62.4.
The Preliminary Eurozone Markit Manufacturing PMI for August is predicted at 62.0, the Preliminary Eurozone Markit Services PMI at 59.8, and the Preliminary Eurozone Markit Composite PMI at 59.7. Forex traders can compare this to the Eurozone Markit Manufacturing PMI for July, reported at 62.8, the Eurozone Markit Services PMI reported at 59.8, and the Eurozone Markit Composite PMI reported at 60.2.
Advanced Eurozone Consumer Confidence for August is predicted at -5.0. Forex traders can compare this to the previous Eurozone Consumer Confidence for July, reported at -4.4.
The forecast for the EUR/JPY remains bearish despite the massive sell-off, as inflationary pressures, supply chain disruptions, and the delta variant of Covid-19 keep downside pressure on the global economy.
Can bears remain in control over the EUR/JPY and force more selling?
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EURJPY ANALYSISFor quite some time, we have seen this pair continue to move sideways.
Even with this sideways movement, the level at 129.650 still holds firmly.
Since the previous trend was down, we could eventually see the bearish move come into play.
Targets would be the previous low at 129.200.
EurJpy- Continuation to the down side?Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
EURJPY 15 min ANALYSISWe expect to sell this pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on Tradingview.
EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURJPY 15 min ANALYSIS We buy this pair because of a strong support below and the head and shoulder pattern. This is more than an institutional analysis. Invest wisely.
EURJPY ANALYSISAs we are already in a downtrend, we're just waiting to see how price reacts at this level.
We'll be looking to take short positions once price starts to reject and form confirmations for its continuation shorts.
We keep our eyes open, although not jumping in just yet.
EUR/JPY daily and weekly AnalysisSo on weekly chart we can see that price is going up within an ascending channel. The downtrend movement on daily chart shows us a reversal H&S pattern is going to be formed which indicates that price is most likely keep moving up in weekly channel.
EURJPY Forecast1) Top-down analysis
Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick
Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick
Daily - Two candlestick rejection on 130.500 (Major psychological level)
The bias is still upside due to doji from last two weekly candle. But still it has a high probability that it will go down further first to get some liquidity before going upside.
Confluences for downside movement;
a. Main trendline third touch
b. Major psychological level 130.500
c. 4H Corrective
EUR/JPY:DOWNTREND|PRICE ACTION+FIBO ANALILYS|SHORT 🔔Welcome back Traders, Investors, and Community!
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EURJPY H1 ANALYSIS BUYWe expect to buy this pair EURJPY because of a strong bullish pressure existing in the market currently. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
Wait for break key level and sell signal with EURJPYH4 time frame.
Structure: Downtrend, Triple Top pattern.
Wait for break key level and looking for sell signal.
Target is next support at 128.500
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Wish you all have a good trading day!
EURJPY 15 min ANALYSIS This is a EURJPY 15 min ANALYSIS . As you can see from the chart we expect the red upper line to act as our resistance zone and the lower white line to act as our support zone. The price has reached a strong demand or support zone and we expect it to behave usual getting rejected not less than twice and the continue to grow fro this key zone. We put our stop loss below the demand zone and our first take profit at the nearby resistance level waiting to see how the price will behave next. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. Our aim is to make your vision of making money in the Forex market easier than you thought. Thus we want you to experience zero poverty. If you find this analysis helpful please share your idea in the comment section. Thank you for your time. Wish you more success.
EURJPY : UPDATEeurjpy is still trading sideways... because the price has made a new bottom... any pullback I regard as a retest area to continue shorting... unless price breach 131.1 is taken into account to seek for a bullish opportunity.
EURJPY Long into 132.5001) Top-down analysis
Weekly - Previous week long wick
Daily - previous daily closure, Great closure for continuation
4H - Break of trendline
2) Confluences
a. break and retest
b. FIB 1H 38.2%
c. Trendline
EUR JPY Sell opportunity eur jpy is going down making lower low and lower high look fir bearish confirmation on lower time frames and enter short with your own money management
always remember that patience is the key
EURJPY After analyzing this pair starting from monthly time frame, Price has nicely completed 38% Fibo level. Basically price was completing corrections of last bullish impulse. After rejection from 38% Fibo on monthly we have some more confluences on lower time frames. On Daily Time frame price has made beautiful descending wedge pattern. Now waiting for a double bottom pattern on recent structure level to go for long opportunity.
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 Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer- This is not financial advice.
EURJPY ANALYSISAlthough price had been in a downtrend, we have now seen price break above this key level and has already come back to retest it.
We will now move to the smaller time frames to find ourselves some long entries.
Since this might be the start of a new trend, we'll keep targets at a new high that could form along with this trend.
