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Eurjpytrade

EURJPY And Historical Market PricesEURJPY is a clear example of when it is a good idea to check back for old PA levels. This is because the price has rallied and becomes more extreme. The more extreme price gets the older the PA levels that are relevant become because they have not been hit for a while. As the EUR gains VS the JPY this becomes the case. You can see to the LEFT handside of the chart denoted PA levels (where traders have created rejection) That forms the Bias for new moves. Any Qs ask.
by WillSebastian
3
W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY. Broke out and now is showing upside momentum. 7>21>200 RSI>50 (Higher Lows) Target 157.57 SMC Sell Side LIquidity Order block where SM is sweeping sells and buying into them. Hence we placed a stop loss just below this order block... NOTE: This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom. If the height was less than 50% then it'll deem it as a Cup and Handle
Long
by Timonrosso
EURJPY SELLWelcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first stage. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can sell at 140.10 level before buying. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall