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Eurjpyanalysis

EURJPY ShortHello guys. In my previous analysis, I have suggested that the price might move in a bearish momentum because the price seems to not break the upper trend line of the rising channel. As we can see here, the price is trying to fill the bearish imbalance created on Friday. It might retest the resistance zone again, maybe to liquidate sellers who had stop losses on that zone. My entry is at 146.2, and I have used the pullback strategy to place my entry position. My stop loss is at 147.6, a place which is 1% of my account and also it is above the trend line/ resistance zone. My TP1 is at 144.8, Tp 2 at 143.4 and Tp 3 at 142.0. I have placed my targets according to my R:R. I am targeting a R:R of 1:3 in this scenario. Kindly, I advice that incase our trade is activated and the price hits the first Tp, secure your trades by moving the stop loss above the entry zone. Risk only 1-2% of your account.
Short
by Vapari_Inc
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 151.00 LEVEL can be reached and BUY higher. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can be SELL at 145.66 level before BUY. If the MAIN STRUCTURE is BREAKED, it should be SELL at 139.68 LEVEL.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD BUY. Due to this reason, all MARKETS including STOCKS can be seen UP due to MARKET RISK OFF. It affects the EUR in a big way. - EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.9200 LEVEL. And before that EURGBP can be SELL to 0.8565 LEVEL.
by benny_marshall
EurJpy- Up after support confirmation?After the break above 144 resistance in the middle of the month, EurJpy corrected and confirmed this break as a valid one on Friday and also yesterday. Both these touches of support are marked by long-tailed candles to the downside suggesting buying power in that zone. The price action since June is contained in a large inverted h&s and the up break is also a break of the neckline of this pattern. I favor more gains for this pair and, considering the measured target of the H$S, 154 could be swing traders' target. Only a close under 144 would put a pause to this scenario.
Long
by Mihai_Iacob
3
EURJPY ShortHello guys. This price has been forming a rising channel/flag, which might be a strong indication that there might be a strong bearish momentum (1D).The price has retested the upper trend line, and if it fails to break it, then a bearish momentum is inevitable. Foe my long term strategy, I anticipate that the price will be bearish. For the upcoming analysis of the price, I will discuss in-depth on how I will enter my trade, my targets and stop loss using a shorter time frame. Remember, only risk 1-2% of your account.
Short
by Vapari_Inc
EURJPY LongList of confluences: 1: Falling Wedge Breakout 2: Trendline Breakout 3: Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that EURJPY remains in a uptrend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to Buy/Long the pair. We are expecting a potential return of between 12.12 % to 24.24% at 1 - 2 % risk per trade.
Long
by NDOBObanks
EURJPY: THE MOST PROFITABLE TREND FOR NEXT WEEK!!!!. EJ took out buyside liquidity creating turtle soup ( Smart money repricing ), leading to the current sell situation we're having. Price already took out the external range liquidity to the upside which is causing it to attack the internal range liquidity, the smart money buy sell stops and sell them to willing buyers, and the sell buystops and buy from. willing sellers. we're expecting the smart money to sell their buy orders to willing buyers which resides in the relative equal low below. we also have a weekly order block which price is going to mitigate below the sellside liquidity, there we expect price to start booking buying orders. EURJPY is heavily bearish for now, and buying opportunities are low probability. Short trade will be more profitable. STEFANFX.......
by stefan143
1
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are being BUYED very fast right now. MARKET RISK is still being OFF. VIX IS DOWN, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe the EURJPY 147.69 LEVEL can be reached and BUY higher.. 147.69 is a very good resistance level.. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can sell at 140.110 level before BUY.
by benny_marshall