EURJPY I Potential intraday buy from support Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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Eurjpyfundamentals
EURJPY BUYING ON DIPS FROM SUPPORTHELLO TRADERS
As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY.
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 151.00 LEVEL can be reached and BUY higher.
- 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. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can be SELL at 145.66 level before BUY. If the MAIN STRUCTURE is BREAKED, it should be SELL at 139.68 LEVEL.
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD BUY. Due to this reason, all MARKETS including STOCKS can be seen UP due to MARKET RISK OFF. It affects the EUR in a big way.
- EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.9200 LEVEL. And before that EURGBP can be SELL to 0.8565 LEVEL.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY -
- EURJPY has a short-term UPSIDE BIAS at the moment. Maybe it can reach 139.202 LEVEL. 139.202 is a very good RESISTANCE limit.
- Some NEWS coming for the USD will help weaken the EURO. Here the price can be pulled down one more time by RESPECTING the EURJPY TRENDLINE very well. It may come down to 135.116 LEVEL.
- Somehow the price moves to the area I mentioned and its trend line
If the BREAK is done, the EURJPY price can definitely be BUY if the DOWNSIDE CHANNEL is BREAKED. For that, EURO STRONG and MARKET RISK must be ON.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- Currently EURJPY has a short UPSIDE BIAS. Maybe it can REACH 145.780 LEVEL. 145.780 is a very good RESISTANCE limit.
- Some of the news coming in for the EURO will help strengthen the EURO. Here the EURJPY TRENDLINE is very well priced and the price goes up.
- Anyway the price goes to the area I mentioned and its trend line
If one BREAK, the EURJPY price will inevitably fall.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0735 LEVEL. It stays above the DYNAMIC S / R LEVELS. Also the JPY FEATURE is getting a bit down. It stays at 0.0076 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES show a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- The EURJPY PRICE can be UP to 141.407 LEVEL before DOWN. You can then DOWN to LEVEL 135.116 by BREAKING the TREND LINE. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important. A SHARK PATTERN is currently being created in EURJPY.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0473 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. And the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
- EURJPY PRICE can be DOWN to 133.770 LEVEL before UP. Then you can UP to 137.906 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.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW⛔️ EUR FEATURE currently stands at 1.0583 LEVEL. It rests on 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 a STRUCTURE. Then there will be DOWN.
⛔️ OVERALL MARKET is currently RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a UP SIDE BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN.
⛔️ The EURJPY PRICE can be DOWN to 136.45 LEVEL before UP. Then you can UP to 140.42 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.
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.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE is currently trading at 1.0611 LEVEL. It's just below the DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0078 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 a STRUCTURE. Then there will be DOWN.
- Currently the SENTIMENT of the OVERALL MARKET is moving towards the RISK ON side. 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 132.65 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.
EURJPY BUTTERFLY BULL |DAILY| SHORT & LONG | EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long, otherwise the setup holds with this beautiful butterfly.
Fundamentals to look out for include:
EUR: German Industrial Production, Eurozone GDP,
JPY: Japanese Official Reserve Assets, Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks, Japanese Leading Index and Japanese Coincident Index