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Eurjpyprediction

EURJPYThe overall trend is bullish. But right now the price is in the state of uncertanty. There are chances that we can see a pull back to the downside as the the price cannot break the upper trendline. So we should act as usual depending on the price action at the moment. Don't forget about risk management and always leave space for little mistakes. Remember nobody knows where the price will go next. But there is 100% assurance that it will either go to the upside or to the downside. Cheers!
by Stan_Leimanis
2
EURJPY AnalysisPrice is currently bearish overall so I am only looking for sells. Price has made a double bottom and created a support level. I am going to wait and see what price does because there wasnt a lower low made yet and I do not want to enter a sell at just anywhere. There are three ways I am looking to enter a trade: 1. Price closes below the support showing bearish pressure in the market and signs it will make a lower low 2. I am going to wait for price to test the resistance level and look to get in a sell after 2/3 rejections of that level on the 15 min or if there is a double top formed on the 5 min. I will put my SL above market structure so that I will have a small stop loss with a great 1-3 RR trade setup to target the support level just in case it starts ranging. 3. If price breaks that resistance level and stops me out I will likely be looking for buys as that will mean a higher high was formed and look to enter on the higher low. Hope this helped give you an insight to how I currently see the structure of EURJPY. Make sure to drop a like and leave a comment below :)
by DNiceChampion
EURJPY: current analysisEvening Traders, a few potential scenarios on this particular pair: 1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an immediate sell off at the top and a sell area as highlighted in the box, I will be waiting for price action to confirm the significant low at that point if we get there (the box is simply there for illustration purposes) 2) price action could potentially fall out the bottom and retrace all our gains from yesterdays trade, if so once again i will wait for the relevant low and set my order. 3) it could simply just push out of it current structure and then get itself caught in a range as illustrated and then push up. but I will employ patience and wait for the markets to reveal its direction and i will update if necessary, this is simply my opinion if anyone has any other thoughts let me know. Thank you.
by NK008
EURJPY| Meeting The Emperor at 122.00 Checkmate Floor| 6thJuly20EURJPY has been seeing the downtrend over the years. Like no other currencies, EURJPY has given the birth of an uptrend against the Japanese Yen. Towards all other currencies, Yen seeing their currencies weaken all over the market traded. This given the opportunity to other currency pair to strengthen. 2020 is the year where we all witness the weakness of the Yen. As i watched the over the counter, the opportunity has been spotted this week. I am very optimistic about the EURJPY and I am very sure the price will move to the 122.00. Checkmate the price over the target. I am taking profit cycle by cycle. Good luck. If you would like to trade with me live trade and love seeing this post, dont forget to subscribe to my coaching package. Thank you. Regards, Zezu Zaza 2048
Long
by Zezu_Zaza