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
Eurjpysignal
EURJPY SELL Trade TriggeredA quick update on the idea i posted yesterday was waiting to SELL above 145 we got a big impulse move up yesterday and just now got the SELL signal on the reversal indiicator on the 4HR chart lets see how this plays out.
Will take profts and trail the stop as position moves down
DeGRAM | EURJPY bearish opportunityEURJPY is trading at the major resistance.
The market respected this level before and bounced off it.
Price is overbought condition near the psychological level 144.000.
We expect a pullback from major the resistance level .
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are being BUYED very fast right now. MARKET RISK is still being OFF. VIX IS DOWN, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe the EURJPY 147.69 LEVEL can be reached and BUY higher.. 147.69 is a very good resistance level..
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can sell at 140.110 level before BUY.
EURJPY Next Possible MoveTechnical Analysis Chart Update
EUR / JPY ( Euro / Japanese Yen )
Time Frame - H4
BULLISH CHANNEL in Short Time Frame #STF
Symmetrical Triangle in Long Time Frame #LTF and Rejecting from the Lower Trend Line #LTL
It is Following Corrective waves " ABC "
It can Follow Some Bullish moves till its Demand Zone at Fibonacci Level - 61.80%
DeGRAM | EURJPY test of the psychological levelEURJPY is testing a resistance zone and psychological level 144.000.
We can see deceleration and small range at resistance. Candles are getting smaller.
We expect a pullback from the level; an alternative scenario is a consolidation at the resistance.
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EURJPY: Can bulls maintain?EURJPY
Intraday - We look to Buy at 142.40 (stop at 141.70)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 144.40 and 147.25
Resistance: 144.30 / 147.25 / 151.00
Support: 141.70 / 138.85 / 135.95
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EURJPY ShortThis pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point.
The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated.
My entry point is @142 and My stop loss @baspui1436
My target is at the next major market zone, @138.0
My Take Profit point are 141.0, 140.0, 139.0, and 138.0
My R:R IS 1: 4
Remember, risk only 1 - 2 % of your account.
EURJPY ShortAccording to the higher timeframes (W,M), the price has been forming a rising channel / flag, which might be a major indication of a bearish momentum.
Also, according to the market sentiment, 65% of the traders are net short and the percentage is decreasing each week, suggesting many are shifting to the long term position of the price.
According to how I interpret this, then the price will have a bearish momentum, to move out of favour for the traders who are shifting to the bullish strategy.
My long term strategy is 134.3, and the next series of analysis will be to come up with entry positions using smaller timeframes.
⭕️SELL EURJPY at the best Price 😉 💣🔰You can see the analysis of the Euro to Japanese Yen currency pair in a 15-minute time frame (EURJPY_ 15min)💣🔍
💥Considering the breaking of the up trend line🖤 by the price, if the price returns to the SUPPLY zone, it may fall to the DEMAND zone🔻🧐
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
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DeGRAM | EURJPY bearish opportunityEURJPY moved out of the declining channel.
All JPY pairs are retracing after a bearish move.
The market created a ranging market after sell off.
We expect a pullback from the psychological level of 140.000.
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DeGRAM | EURJPY uptrend breakdownEURJPY moved out of the ascending channel. All XYZ/JPY pairs are retracing after a surge.
If the market creates false breaks at the resistance level , then we can look for a selling opportunity.
We expect a pullback from the level.
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe EURJPY can reach 138.651 LEVEL and it has gone down.. 138.65 is a very good SUPPORT LEVEL..
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 147.692 LEVEL. For that, VIX should be DOWN and JPY should be WEAK.