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Eurjpylong

EURJPY facing bullish pressure, potential for further upside!EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
Long
by FXCM
10
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 130.634. The system recommends entering this trade at any price between 130.412 and 130.777. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.424, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 129.745 and a profit target has been set at the 1 Day ATR level at 131.207. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75424 Time Issued: Thursday, 18 March 2021 01:19:15 GMT Status: open Entry: 130.412 - 130.777 Limit: 131.207 Stop Loss: 129.745 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
16
BULLISH SETUP ON EURJPYHey traders, the market breakdown for the week ahead will be posted shortly. These setups are not confirmed yet, it’s just our point of view about some quality chosen setups. We will see how price react starting the market open going through the week ahead. More analysis and setups are coming for you during the week. We have few advises for you: -Use proper risk management: -We recommend to risk no more than 1% of your capital for each setup. Or simply use the same lot size for each trade. -Don’t forget to protect your gains and quickly put breakeaven.
Long
by Nrdxtrader
Possible trend shift in EURJPY – going longThe Tidal Shift Strategy has just bought EURJPY at 130.201. The system recommends entering this trade at any price between 130.044 and 130.357. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -2.125, which suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.125, so the stop loss has been set at 129.575. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 75322 Time Issued: Friday, 12 March 2021 02:00:15 GMT Status: open Entry: 130.044 - 130.357 Limit: N/A Stop Loss: 129.575 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
2
EURJPY is facing bullish pressure, potential for further bounce!EURJPY is facing bullish pressure from the ascending trendline support and might bounce from 1st support level which is in line with horizontal swing low support as well as 78.6% fibonacci extension and 50% fibonacci retracement. Prices might hit 1st resistance target which coincides with horizontal swing high resistance, 78.6% fibonacci extension and 161.8% fibonacci retracement. If prices fall through the ascending trendline support, prices might hit 2nd support in line with 78.6% fibonacci retracement and 78.6% fibonacci extension. EMA is also below prices, giving prices a bullish pressure.
Long
by TradeGATEHub
2
EURJPY CLOSED MANUALLY FOR +40 PIPS PROFIT!Good morning traders. As we spoke on our last analysis post. We entered a few positions first thing Monday morning and one of those positions was EURJPY. We've been chasing this pair for a while now and profited massively last week on it. We entered another position yesterday and profited a further +40 PIPS which was a big gain. We currently have one more position running from yesterday and we are currently looking for further setups to enter today. Have a great Tuesday and we will update you on further positions later.
Long
by Forexinsightsuk
3
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 129.301. The system recommends entering this trade at any price between 129.17 and 129.444. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.376, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 128.778 and a profit target has been set at the 1 Day ATR level at 129.871. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75267 Time Issued: Tuesday, 09 March 2021 02:02:15 GMT Status: open Entry: 129.17 - 129.444 Limit: 129.871 Stop Loss: 128.778 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
7