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Eurjpyshort

EURJPY Pullback Sell Opportunity- Price is in an overall uptrend, creating higher highs and higher lows - Price made a bullish push and broke above the initial resistance/supply zone (blue rectangle), which now acts as a form of support/demand zone. -Price previously closed as a hanging man candlestick pattern which also hints at a possible reversal. - If the next candle ends in a bearish candle, I will anticipate price to sell off and test and find support near the 50.0-61.8 fib level.
Short
by NoCeilingsTrading
1
EURJPY - BEARISH DIVERGENCEBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first HL (Higher Low) is broken, and first LH (Lower High) and LL (Lower low) are formed this would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar. The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52. Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter. E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15. US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS). Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
Long
by Sphyn-Trader
4
Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed. The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
Short
by Mihai_Iacob
3
EURJPY - Time for a Bearish Trend! 🐻📉 Looking at the graph, we can clearly identify the formation of the shoulders and the head pattern. The pronounced thickening marked in yellow indicates a significant support and resistance (S/R) level. Once this level is broken, it confirms a downward trend with substantial profit potential. 📉💰 Based on this analysis, the target for the downward movement lies within the liquidity zone at the 146.30 level. Keep a close eye on the price action as it approaches this area, as it could present a lucrative opportunity for traders. 🎯💼 Furthermore, it's worth noting that the JPY has been weak for an extended period. This can add to the likelihood of a correction in the near future. Let's face it, things have been a bit monotonous with the persistent weakness. So, buckle up and get ready for some potential excitement ahead! 🎢😄 ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
Short
by michaelmolek
EURJPY: The bulls!Predicting continuation of the uptrend EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
Long
by Jiren-SphynChannels
2