Eurjpylong
EUR/JPY is struggling to violate 23.6% Fibo retracement at 126.5
The RSI (14) is likely to find resistance near 60.00 amid the broader bearish picture.
The shared currency awaits a violation of 126.73 for upside momentum.
The EUR/JPY pair has remained in the grip of bears from February 10 after failing to breach its eight-month high at 133.50. The cross has sensed barricades near the trendline placed from the February 10 high at 133.15.
On a four-hour scale, EUR/JPY is struggling to overstep a 23.6% Fibonacci retracement, which is placed from February 10 high at 133.15 to March 7 low at 124.39. Usually, a struggle near 23.6% Fibo retracement denotes a fresh corrective wave after an impulsive one.
The 50-period and 200-period Exponential Moving Averages are trading at 127.15 and 129.10 respectively, which have recorded a bearish crossover, which adds to the upside filters.
Meanwhile, the Relative Strength Index (RSI) (14) has surpassed 40.00 after oscillating in a bearish range of 20.00-40.00. The ongoing oscillator action is indicating that the RSI (14) may find resistance near 60.00 and will trade lower or consolidate.
As the asset is hovering around the 23.6% Fibo retracement, it is likely to address significant offers if the asset tumble below Wednesday’s low at 126.12. This will grind the cross lower towards Tuesday’s low at 125.22 and Monday’s low at 124.39.
On the flip side, a bullish momentum can be observed if the pair climbs above Tuesday’s high at 126.73. A breach of 126.73 will send the cross towards the 50-EMA and 38.2% Fibo retracement at 127.15 and 127.80, respectively.
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EURJPY LONG ZONESFor More Daily Detailed Analysis, Click on the follow button. If you have Any Questions, Please do ask them!
Here we have our EURJPY Chart..
We are looking short as price is rejected following the sharp bullish move to the upside. This comes as market sentiment starts to ease todays and the YEN is sold off.
We can look for an early exit at the comfortable support zone labelled.
EUR/JPY Trying To Close Above Our Res And Long Setup Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/JPY: DIVERGENCE AND PRICE READY TO GROW | LONG SETUPHello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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EURJPY RETAIL HEARD 📉📉📉I tried to provide you in this example how not to trade and how to find high probability entries.
In this example EURJPY was longed by retail traders for two weeks for around 69% heard positions.
The lesson is very simple if the heard is LONG and tries to catch the bottom on EURJPY for example you will look only for shorts as the longs are not high probability due huge retail positions on long
What do you think ? Comment below..
EURJPY | Bounce Expected
EURJPY has been in downtrend making lower highs and lower lows. Currently price is approaching to support zone and we are expecting bounce from here. A good bullish candle with closing above the falling trendline will be enough to carry bullish momentum.
Trade your levels accordingly.
EURJPY LONGS📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint. 7
What do you think ?
EUR/JPY Running In 120 Pips And, Entry Added After 4H Closure This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
TRADING EURJPY: LIVE ANALYSISFor More Daily Detailed Analysis, Go ahead and Click on the Follow Button. If you have any questions about the analysis, please do ask them in the comments section below.
Our EURJPY charts have shown a clear fall in recent days away from key moving averages as Traders Flock to safe haven assets like the Japanese Yen. The fall in the value of the Euro in this particular chart has showed fast momentum as market sentiment grows ever riskier. The current fall has taken us to an area of key price action and Market Memory, giving us a clear bias to the longside.
We can look for Long entries as we delve into this particular zone, awaiting entry confirmation. This is going to come as market sentiment changes AND buyers move into the market exposing the value of price at that particular point far away from our key moving averages as seen. We can Trade wisely inline with our risk amongst current market sentiment.
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