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Eurjpytrend

EURJPY - Mar. 6th, 2024BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next bullish zone and structure is holding well in step up patterns. Price has already tested 163.450 twice on the daily, looking for 4h structure to develop back as bullish and test a third time, or for price to pullback down to the 161.900 level at the top of the zone. It would be more risky if price pulls back to 161.900 level as this would be the second test (daily timeframe) after the 4h price had confirmed it as bullish. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Long
by TonyAiello
1
EURJPY Has Been in a Long-term Upward TrendEURJPY has been in a long-term upward trend since the start of the year, reaching a new 15-year high of 159.75 on August 31. The price has been trading without a clear direction around 158.00 since then. The bulls could aim for the 15-year high of 159.75 if the sideways pattern breaks to the upside at 161.00. The pair could reach fresh multi-year highs if it rises above that zone, but the February 2008 peak of 161.40 may curb further advances. The April 2008 high of 164.95 could be challenged if the price doesn't halt there
by FKW-Millions
EURJPY Trade For Long Side.EURJPY is taking support at the support line and making lower high as you can see in the chart. If it breaks the down trendline 1, we might see EURJPY move towards the down trendline. 2. As pair is trading at trend line 1, it has a high chance of moving towards trend line 2. One can initiate a long position on EURJPY if breakout on the upside from trend line 1. If You Like Idea Do Follow/Comment/Like For More Updates Note - Trade With Proper Risk Management System Thanks
Long
by Fx_Trader_ViSa