Eurjpyforecast
EUR/JPY retesting previous resistanceLet's take a look at one of our favorites EUR/JPY on 4H chart. We made a lot of pips because of descending channel . However, this channel has been broken and price now is much higher. We now are expecting price to drop to new support line and than either bounce from it or get back inside the descending channel .
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EURJPY: Forecast For Current Week. UPTREND!Price traded inside the blue channel.
Atm looks like forming a flag / wedge as at the previous wave.
Possible entry zone is 117.20 - 117.50 ,
when the flag will formed.
The target zone is near 119.00 - 119.50
The trading plan will canceled, if the red support line is broken.
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EURJPY SHORTEJ has seen huge bullish oves the last 3 days braking out of a downtrend with little to no retracement. I expect bullish pressure will become exhausted at the 118.5 zone and the leg down will begin.
EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 118.705 where it could potentially react off and drop down to 1st support at 116.667.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/JPY long-buy weekly analysisEUR/JPY long-buy weekly 120-125 break target profit resistance
700 pips potential profit and 30 pips stoploss support with 20 rr
Indicators and oscillators are oversold weekly, rsi, demarker and bb etc.
EMA, MA and MACZ-Vwap etc.crossing for bullish movement
Economic calendar release are all bearish and hawkish
EUR/JPY Short PositionHypothetical scenario (18/05 - 22/05):
(1) Entry @ 116.500 (Sell Limit)
(2) Stop Loss @ 116.800 | 30 pips
(3) Target @ 115.900 |60 pips
(4) R:R = 1:2
EURJPY Long Potential DailyNote: Idea is to complement your research.
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EUR/JPY SHORTPrice currently nearing top in a downwards channel, as well as retesting a strong zone. I believe we will see a move down.
EURJPY INTRADAY SCALP, NFP DAY!!!TODAY WAS NFP SUPER HIGH VOLATILITY
WAITED FOR PRICE TO CREATE A HIGH
WE WAITED FOR A RETRACE AND A 15M BULLISH CONFIRM
WAS A LIQUIDITY GRAB CANDLE
SL JUST BELOW THE WICK
PARTIALS SECURED AT 1:1 , SECOND TP JUST BEFORE THE NEXT ZONE.
eurjpy long termhere my long term view on eurjpy, thats 3 possibility with best key level for turning point... and top expectation ! i will show you this chart after couple years and see if this plays out or not, lets see the chart is better or fundmental
POTENTIAL BEARISH RUN ON EURJPY Price is showing potential to respect current resistance and move bearish.. Entry,stop loss and take profit have been marked..
EURJPY long soonGood long setup for #EURJPY for the next 3 days.
The bearish trendline was broken by a strong impulse on 30 of April.
So we have to wait for the retest but it will probably begin to bull before.
115.8 it's the level from which it bounced before and could be a good point to enter.
A Fibo cluster is on the way with a bullish trendline as well.
First Entry 115.800
Second Entry 115.5
SL 115.34
TP 116.67
EURJPY- Potential Move Buy ___
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EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 115.900 where it could potentially react off and drop down to 1st support at 115.280.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY Quick Buy MovePrice is at a monthly level 116.315 and looks ready to reverse currenty still on a downtrend but the previous candles show long wicks and a loss of momentum as they get closer to the bottom of this SR area. This will be taken as a DRC so in order to enter long, price will need to break the trend line and retest of monthly SR area 116.315. Price could reverse back down and continue its downtrend but we have approached the swing low with no recent pullbacks of this area. Before Entries I will jump down to the smaller timeframe to confirm bullish momentum. Keep it Simple Stupid
LONG EURJPY & MARKET 117.05 12:17 22/04/202011I've been watching EURJPY as its approached a significant trend line and this line has now broken and with the aid of several 200 sma on maller time frames supporting - this looks a reasonable BUY trade.
My in-house indicator is also flagging this as a moderate BUY.
I have a STOP at 166.66 and a TAKE PROFIT at 118.26.
EUR is mildly BULLISH across the board so I'm hoping I can get this trade to BREAK EVEN to lock in a free trade.
More on my website.
POTENTIAL BULLISH PULLBACK BEFORE SELL OFF EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level invalidates this pattern.#=
No more than 2% risk should be taken.
EURJPY technically based forecast
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💡 EURJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, expecting to see push in up in price till supp zone.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
I’m not liking how this is looking. A bit to choppy for my liking. EURJPY is floating around support it will be key to wait and see if support is going to hold or if we are going to roll over to the downside. Seeing a clean rejection off the 78.6 fib right now. Staying on the sidelines for now.
EURJPY at critical Support LevelEURJPY has reached a very important Support Level. Although I expect a bounce here, a breakdown can not be ruled out as well.
If price rebounds from the Support Level, we could see 119 very soon.
But, a breakdown below this all-important Support Level could be pretty catastrophic for the EURJPY Bulls.
EURJPY Let me know your thoughts. I'm thinking long as the market forms falling wedge pattern. also it is at the major support zone.
