Still Bullish on EURJPY Weekly Long setup. Classic break and retest.
We may get some consolidation before a heavy selloff.
Very interesting picture. On the larger timeframes EURJPY looks bearish. We look to have completed a 1st wave down and are now consolidating into a complex 2nd-wave. If the picture we have developed is accurate we are setting up for one HUGE sell-off.
Hello Traders, EURJPY is giving us a strong buy signal with the following targets defined. Red Line = 125.572 Very High Probability Target Blue Line = 126.289 High Probability Target Orange Line = 126.893 Medium Probability Target An aggressive entry would be now with the defined stop loss of 120.540, a more conservative entry would be the break of the most...
We have a good selling signal because the Channel Up identified at 07-Nov-17:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 114.1250 within the next 3 days.
Short EURJPY on the double top formed. It is important to note that it formed in a previous resistance area.
Price has been down-trending for time now, so all this choppiness is indicating to to go back to normal. EMA is being touched soon so price will stablise soon.
50 Delta ATM Volatilities: USDJPY - - $Yen has an ATM implied volatility curve of 55.95%mrkt 24.08%1wk 18.31%2wk 14.12%1m - Obviously we are aggressively steeper in the front end, with BOJ tomorrow and JPY MOF Fiscal Package details coming next week providing heightened vol for the 1day and 1wk vols - naturally we then see the curve tail off as the event...
After breaking out of the descending triangle as I pointed out in the last idea, prices should now climb back to the ~134.500 area to "test" the previous intermediate demand zone. Should the zone still be imbalanced another push to the downside is likely. This level coincides with the 0.50/0.618 of the previous down move and should head to ~132.500 if not...
Price has been moving lower recently, creating a descending triangle (bearish pattern). Intermediate supply zone @ ~135.210. Reaction from the area should hopefully bring about a drop in price. Distance of drop should be equal to width of triangle (all things being equal). Possible target, 134.000. The zone @ ~135.580 has been tested a few times and should be...