Euro looks set to reach new highs against the yen. Looking to stay long on this one for as the pair eyes 163.20, 164.8 ahead of NFP and other events. Eventually could make its way up to the 166.70 region if bulls keep bringin the steam.
Fundamentally seeing really weak EUR this week, and JPY getting stronger. We've just seen a break of the rising trendline and retest at the end of the week. This is going down, 1:4 RR
After a sharp bearish movement, EURJPY is pullback 78.6 percent and touch the upper line of channel. On my view, its time to short it again.
Trade Idea: Selling EURJPY Reasoning: Major resistance on the daily chart, swing failure? Entry Level: 147.616 Take Profit Level: 146.28 Stop Loss: 148.04 Risk/Reward: 3.08/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
Trade Idea: Selling EURJPY Reasoning: Major resistance on the daily chart, swing failure? Entry Level: 147.90 Take Profit Level: 146.41 Stop Loss: 148.66 Risk/Reward: 2.08/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Trade Idea: Selling EURJPY Reasoning: Still below the downtrend on the daily Entry Level: 144.659 Take Profit Level: 142.39 Stop Loss: 145.42 Risk/Reward: 3.2:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
Trade Idea: Selling EURJPY Reasoning: Short term top on EURJPY? Wave count, top pattern, VPOC. Entry Level: 143.03 Take Profit Level: 142.00 Stop Loss: 143.32 Risk/Reward: 4.24:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
EURJPY - Intraday - We look to Sell at 141.65 (stop at 142.50) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. Our short term bias remains negative. We look to sell rallies. Our profit targets will be 139.20 and 138.45 Resistance: ...
Trade Idea: Selling EURJPY Reasoning: Failed on retest of top pattern Entry Level: 139.93 Take Profit Level: 137.36 Stop Loss: 141.02 Risk/Reward: 2.37:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis...
EURJPY - Intraday - We look to Sell at 145.00 (stop at 145.80) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 144.58. The 200 day moving average should provide resistance at 144.95. The trend of lower highs is located at 146.13. This is negative for sentiment and the downtrend...
EURJPY - Intraday - We look to Buy at 141.00 (stop at 140.20) We are trading at oversold extremes. A higher correction is expected. Previous support is located at 140.90. Further upside is expected although we prefer to buy into dips close to the 141.00 level. Our profit targets will be 143.35 and 143.85 Resistance: 144.85 / 148.40 / 151.00 Support: ...
EURJPY - Intraday - We look to Buy at 142.35 (stop at 141.15) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 144.28. We are trading at overbought extremes. A lower correction is expected. The...
EURJPY - Intraday - We look to Buy at 137.80 (stop at 137.00) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We look to buy dips. Our profit targets will be 140.00 and 141.70 Resistance: 141.70...
EURJPY is ready to drop after pullback from bottom. After .618% correction from bottom and firm a nice flag, EURJPY break the flag and ready to goes down again. Trade safe guys. Trade safe.
EURJPY - Intraday - We look to Sell at 137.30 (stop at 138.25) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the...
EURJPY - Intraday - We look to Sell at 136.85 (stop at 138.00) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the...
The yen maintains its positive momentum by attracting buying flows from investors seeking refuge in safe-haven currencies as global recession fears grow. The yen also received additional support after Bank of Japan Deputy Governor Masayoshi Amamiya acknowledged last week that the BoJ should begin considering tools to end ultra-expansionary monetary policy,...
EURJPY - Intraday - We look to Sell at 140.45 (stop at 141.20) Buying pressure from 138.71 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The 200 day moving average...