Eurjpylong
EUR/JPY Nice Pullback From Trendline Support Zone. EUR/JPY nicely pullback from its trendline support zone. 128.00 was double bottom zone. But EUR/JPY broke below 128.00 and tested its trendline support area at nearly 127.50.
If today's daily candle closes a full-body bullish pattern, we can hope that EUR/JPY will test the 130.40/50 price zone very soon. 130.40/50 is an absolute strong resistance zone. Many times market-tested 130.40/50 but couldn't break it.
So, it is expected beyond price action analysis that the price will act as a strong resistance zone. But breaking above 130.40/50 will open the door for 133.--/133.20 price zone.
On the other hand, EUR/JPY breaks below the trendline support zone, we may see another knee-jerk downside pressure on EUR/JPY. EUR/JPY will only drop if the Covid situation becomes worse.
Otherwise, EUR/JPY reached its bottom price, so it is expected that the EUR/JPY may rise from the price zone.
If EUR/JPY breaks below the 127.50/30 price zone, we may go short, and the downside target will be 126.00. Breaking below the trendline support level, our long target will also be invalid.
EURJPY and the MM stopGood Morning, afternoon and evening traders, don't forget to click the follow button after reading my post for more expert daily analysis!
Here we have a clear example on our charts of a typical potential MM stop.
Larger trading bodies want a better price on their trades so they need to take a slightly lower price than the previous lows.
This is how they get a good deal, as often their trade size moves the market.
We can see this market movement with the daily green candle.
We are now looking long back towards our MA's.
EURJPY Plan ahead..Remember, don't forget to click on the follow button for more expert daily analysis,
Here we have our EURJPY chart.
We are still looking long as the price falls lower.
We are at some great support and price is very much oversold.
There is a lot of room to the upside after the larger fall.
EURJPY LONG - Buy Entry - H4 ChartEURJPY LONG - Buy Entry - H4 Chart
Symbol: EURJPY
Timeframe: D1
Type: BUY
Entry Price: Buy @ Market
Stop Loss: 127.503
Take Profit: 131.809
🔺 DISCLAIMER
🔺 For educational informational purposes only.
🔺 Analysis may change at any time without notice.
🔺 You must research and create your own trading plan.
EURJPY TREND CHANGE!Hi gooys ,lets talk about EURJPY,
rejection aat parelellchaannel
for safe entry wait for "breakofstructure" and take entry with situation like order block ,poi something
i hope it will help you a lot and thanks for understanding
try to give me a thumps up and comment your opinion
wish you a happy and joyful week
*EURJPY Tend Analysis over H4 Chart.*Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced up from the key level of 129.
The German ifo Business Climate data (Actual: 96.5, Forecast: 96.8, Previous: 97.7) released yesterday indicated a slight decline in the level of optimism from the surveyed businesses on the business condition for the next 6 months.
The European Central Bank (ECB) will be releasing the minutes for the recent monetary policy meeting later at 2030 (GMT+8).
ECB President Lagarde will be speaking later at 2130 (GMT+8). During this time, there may be volatility in EUR.
EUR/JPY’s next support zone is at 128.500 and the next resistance zone is at 130.000.
Look for short-term buying opportunities of EUR/JPY.
Wed 24th November 2021 EUR/JPY Daily Forex Chart Buy SetupGood morning. Just looking at my Daily Forex charts and 2x new trade setups identified this morning. This one being a buy on the EUR/JPY. You can read my notes on the chart to see my thoughts about this one. I like it and can see potential, but as we all know, price is king and can go wherever it pleases :) Cheers.