EURJPY
Strifor || USDJPY-10/12/2023Preferred direction: SELL
Comment: For the yen, however, we can consider a short scenario. This couple stands out from the rest. Most likely, upon the publication of inflation data in the US, the price will jump up, and after that we expect a test of the level of 147.816. Further, most likely, the movement will also develop downward in the short term.
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EURJPY: Can buyers continue to move and hit new 2023 highs?Today's focus: EURJPY
Pattern – Resistance Test
Support – 157.65 - 155.81
Resistance – 158.55 - 159.71
Hi, and thanks for checking out today's update. Today, we are looking at the EURJPY on the daily chart.
Since testing lower support, we have seen a solid bounce that has already had one reaction and a new higher high. This sets buyers up with just a few more things to do to get the overall trend back on track.
A break of current resistance and a break of 159.71 should see price at new 2023 highs and could confirm that the long-term trend is continuing. We need to see the current range beaten before we can start thinking of new yearly highs.
If sellers can hold at 158.55, this could set up a new resistance hold and stall the current rally.
Good trading.
EURJPY: Price gone higher than expected for a better entry.Price moved a lot higher to fill the overnight gap down.
My idea yesterday became invalid but this gives me a better entry:
Gap down suggests general direction and now the gap has been filled, supported by a pinbar on the 1hr I'm getting in short with a first TP at 156 (ultimately I think 154), but I think this could be the start of the reversal.
EJ and GJ to the moonA lot of people think that EJ and GJ are going to drop soon. I was in that boat some time ago but then it clicked...why would that happen... Its on a clearly bullish market and no it doesn't need a huge pullback. It doesnt matter that there have been like 5 dojis on the weekly. It is a bullish market.
And I think it is finally time after that insane shock drop that happened last week. Nothing happens by mistake. That was a huge manipulation in order to allow institutions/banks to order in buys around the order block that was created in August so they could get that price for the next massive push up. Since then we have been seeing bullish accumulations (Shout out to mentfx). Anyways the clear orderblock/snd zone created on the daily, dipped right into the previous one. Once I opened the chart and saw this, I smiled with glee and have been taking longs since. They have been working out perfectly. Once this really starts moving, It will probably fly up disgustingly like it did some months ago. The sky is the limit I wont even say numbers as to where EJ and GJ will stop. The banks decide that. See you at the top :)
EURJPY H4 | Heading into resistanceEUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 183.020 which is a pullback resistance level.
Stop loss is at 184.550 which is a level that lies above a pullback resistance.
Take profit is at 181.128 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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10th of October 2023 Here is the watchlist for today:
CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30.
EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one.
GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11.
The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down.
Happy hunting.
EURJPY - 4hrs ( Sell Trade Target Range 200 : 300 PIP ) Pair Name : EUR/JPY
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ Short )
Type : Mid Term Swing
——————————
Bearish Break
156.750 Area
Reasons
🔰- inner Turn level
🔰- Visible range Poc Area
🔰- Choch Break
🔰- Week / D low Break
🔰- Turn over Trend Break
Bullish Reversal
153.750 Area
Reasons
🔰- Major Turn level / D
🔰- Visible range Lvn
🔰- Major Choch Area
🔰- Pattern Target
🔰- Quarter's Area
EURJPY: Finally ready to reverse?EURJPY has been hanging around 157 - 157.5 range for some time, we saw a break below last week which quickly recovered, but we've broken back below now so I expect a stronger push back down to the low of last week (caused by JPY buying).
With price action there was also a failure to make a new high, we saw a short pinbar on the 4HR before we broke back below my resistance block.
I see this happening again as the BoJ look to defend their currency, I'm expecting JPY to start to perform well across the board - they may not provide any interest but their inflation is low and their economic performance is looking ok to me to, and also money flows and so a reversal should be coming soon.
I also think the EURO is in trouble, with stagflation, this will lead to recession imo and will hit the EURO so this is one of the JPY crosses I'm expecting big declining moves from.
Strifor || GBPUSD-10/09/2023Preferred direction: BUY
Comment: According to the results of statistics from the US on the labor market, the pound, like many of the dollar's competitors, was able to strengthen. However, such strengthening is unlikely to last. But still, at the beginning of the week, it is most likely better to take a closer look at purchases. The goal of growth will be a re-test of the level 1.22369, and it is possible to update local highs located just above this level.
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EURJPY Long Term Selling Trading IdeaHello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today EURJPY analysis 👆
🟢This Chart includes_ (EURJPY market update)
🟢What is The Next Opportunity on EURJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURJPY Buy signal inside a strong Channel Up.EURJPY is trading inside a Channel Up starting from the beggining of the year.
The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP.
Trading Plan:
1. Buy once the price closes over the Falling Resistance.
Targets:
1. 166.700 (+8.00% rise as per the bullish leg prior).
Tips:
1. The RSI (1d) hit Support (1) and rebounded. This support level has priced the lows of July 27th, March 17th and January 17th.
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Notes:
Past trading plan:
EURJPY: Trading Signal From Our Team
EURJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURJPY
Entry Point - 157.94
Stop Loss - 158.44
Take Profit - 156.98
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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EURJPY 7month Channel Up looking for a correction.EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50.
The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022.
Both corrections touched the 1day MA200.
Sell and target 152.000 (projected contact with the 1day MA200).
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EUR/JPY Gave 4 Hours Ago , +150 Pips 0 Drawdown , Updated This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.