Get started

Eurjpyprediction

EURJPY Forex cross pair supply and demand analysisThis is a longer term analysis for EURJPY Forex cross pair done on the monthly timeframe. As explained in many other supply and demand scenarios, when we have a longer term monthly imbalance that gains control, we are not allowed to take a position against it. If we take a look at EURJPY Forex monthly timeframe analysis wearing the supply and demand glasses, we can see the reason why EURJPY forex cross pair is rallying instead of dropping. EURJPY Forex cross pair has been dropping for months until monthly demand imbalance at 1 gained control. This cross pair has been rallying from down there for five consecutive months, we are expecting price to continue rallying in the forthcoming months. That does not mean price is not going to correct at all, the underlying price hardly moves in a straight line. But what we do know is that a strong monthly demand imbalance has taken control of EURJPY Forex cross pair.
Long
by AlfonsoMoreno
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY Looking very VERY good. EJ retesting resistance now. Patience will be very key. Definitely at the top of our watch list. I would like to see a nice push to the downside followed by a retracement giving us a clean opportunity for for a short. Like mentioned patience will be absolutely key. We could take a short now but that would be gambling, we don’t need the mindset of a gambler we are developing your mindset as traders. As true forex alchemists. We need to remain diligent and wait for the market to present the highest quality entries for us.
by Layne_LV
2