Eurjpysignal
DeGRAM | EURJPY bearish opportunityEURJPY is currently breaking out of the ascending channel .
It broke and closed below the psychological level of 157.000. and the consolidation zone.
Price movement is gaining momentum, and we might see a sharp bearish move.
We expect a bearish move.
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EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
EURJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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.
EUR/JPY potential triple top pattern : Time to sell?Dear traders, we can see the formation of a potential triple
top pattern in EUR/JPY.
EUR/JPY is currently in the resistance level. So, if we see bearish
price action that this resistance zone, we can consider selling
EURJPY@ 151.30-151.60 with SL above resistance and TPs
at 148.73, 146.60.
DeGRAM | EURJPY test of the psychological levelEURJPY is moving in an ascending channel. The price is approaching a psychological level at 151.000.
The market dropped from this level before creating an imbalance.
Price action created a bearish harmonic pattern, which is an extra conformation.
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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.
DeGRAM | EURJPY trend continuation opportunity to shortEURJPY tested the upper border of the descending channel, then dropped.
The market bounced off the psychological level of 150.000.
Price action is printing lower lows and lower closes, indicating a bearish trend.
The trend is bearish , so the price is likely to test the support level .
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DeGRAM | EURJPY test of the psychological levelEURJPY is making higher highs and higher closes, indicating a bullish trend. It's trading in the ascending channel.
The market is pulling back to the confluence levels of resistance (pychological level at 150.000) and fibo.
We expect a trend continuation trade from the kill zone.
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