EURJPY: Not Yet Yen!!EURJPY
Intraday - We look to Buy at 140.75 (stop at 139.60)
Selling pressure from 142.79 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips.
Our profit targets will be 144.10 and 145.00
Resistance: 145.00 / 147.30 / 150.00
Support: 138.60 / 135.55 / 133.15
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Eurjpylong
EURJPY A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 150.00 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: EURJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
EUR/JPY Long Trade UpdateHey Guys!
The current eur/jpy weekly bias is long. Or in other words, price is likely to reach 139.98 before reaching 124.34
The long entry I was mentioning last week was triggered, however I need a pullback to the 136.00 levels for a long entry due to overall risk managment. In this post, I explain how I will be trading this set up, as well as how I will be
managing this long trade if entered.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY: High Volume breakout | LongEUR/JPY: High Volume breakout | Long
- Break of structure (BOS)
- Change in Character
- POC below current price levels
- Low Volume ahead
Perfect Bank Setup, more long potential ahead!
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0740 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. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL 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 138.203 LEVEL before DOWN. Then you can DOWN to 133.770 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.
EUR/JPY Long Trade UpdateHey Guys!
The current eur/jpy weekly bias is long. Or in other words, price is likely to reach 139.98 before reaching 124.34
In this post I explain the possible entry long setup that can form and how I plan to trade it. Moreover, I explain how I will be managing this long trade if entered.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY - BUY SET UP ON ECB RATE HIKES The Euro is now highly likely to catch a strong bid against the Yen after the European Central Bank President Christine Lagarde said the Central Bank is likely to start raising interest rates in July and exit sub-zero territory by the end of September 2022.
Interest rate differentials on Government Bonds will support the EURO higher.
In this video I breakdown the historical relationship between the difference in Japan and Europe's interest rates and how the currency pair follows the negative or positive change in European Bond Yields relative to Japan.
Outlook on EURJPY: Bearish play seenOn the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop. Ichimoku cloud and moving average is showing signs of bearish momentum as well, in line with our bearish bias.
EUR/JPY Long TradeHey Guys!
The current eur/jpy weekly bias is long. Or in other words, price is likely to reach 139.98 before reaching 124.34
In this post, I explain the reasoning behind this long set up as well as how I plan to trade it.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY 4 Hours Technical Chart AnalysisHello Traders.
It me again Opizzlefx with another analysis on EURJPY
Impulsive phase spotted on EURJPY. This is a good buying opportunity that you shouldn't miss at all. Trade wisely and if you need more analysis feel free to drop comment or message me privately
💡Don't miss the great buy opportunity in EURJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (135.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 137.04
TP2= @ 138.80
TP3= @ 139.96
TP4= @ 141.12
TP5= @ 142.54
SL= Break below S2
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💡Don't miss the great buy opportunity in EURJPYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (135.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 137.04
TP2= @ 138.80
TP3= @ 139.96
TP4= @ 141.12
TP5= @ 142.54
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️