Get started

Eurjpyanalysis

EURJPY | Perspective for the new week | Follow-up detailsWith over 400pips move in our direction since my last publication (see link below for reference purposes); The selling pressure surrounding the Japanese yen continues to increase in the latter part of last week trading session and It appears that the Euro has finally found support at Y128.000 with a high probability of a Bullish momentum in the coming week(s). Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline Observation: i. The Euro remains extremely Bullish from the long term perspective (see weekly chart). ii. Since hitting a peak @ Y134.000, the bears have been dominating the EURJPY market for the last couple of months (since June 2021). iii. Bearish Trendline: A visual representation of a line drawn over pivot highs revealed the prevailing direction and speed of price in the last two months. iv. With selling pressure respecting the Bearish Trendline since June 2021, the sudden Breakout of Trendline on Thursday (25th of August 2021) which also shares a confluence with the Key level @Y129.000 may have incited the idea that seller has finally lost their momentum hereby giving room for buyers to take their stance. v. Y128.000 level can be identified on the chart as a significant level that has held price strongly "supported" (Demand zone) since March 2021 hereby giving me a conviction that another bullish momentum is right at the corner. vi. In this regard, I am ready to join the rally in the coming week as long as the price remains above the Key level @ Y129.000 (psychological level). vii. Another opportunity to add to our existing position shall arise as soon as price breakout/retest Y130.700... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 10 to 20days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EUR/JPY:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT🔔🔔The Preliminary Japanese Jibun Bank Manufacturing PMI for August was reported at 52.4, the Preliminary Japanese Jibun Bank Services PMI at 43.5, and the Preliminary Japanese Jibun Bank Composite PMI at 45.9. Forex traders can compare this to the Japanese Jibun Bank Manufacturing PMI for July, reported at 53.0, the Japanese Jibun Bank Services PMI reported at 46.4, and the Japanese Jibun Bank Composite PMI reported at 48.8. The Preliminary French Markit Manufacturing PMI for August is predicted at 57.3, the Preliminary French Markit Services PMI at 57.0, and the Preliminary French Markit Composite PMI at 56.5. Forex traders can compare this to the French Markit Manufacturing PMI for July, reported at 58.0, the French Markit Services PMI reported at 56.8, and the French Markit Composite PMI reported at 56.6. The Preliminary German Markit Manufacturing PMI for August is predicted at 65.0, the Preliminary German Markit Services PMI at 61.0, and the Preliminary German Markit Composite PMI at 62.2. Forex traders can compare this to the German Markit Manufacturing PMI for July, reported at 65.9, the German Markit Services PMI reported at 61.8, and the German Markit Composite PMI reported at 62.4. The Preliminary Eurozone Markit Manufacturing PMI for August is predicted at 62.0, the Preliminary Eurozone Markit Services PMI at 59.8, and the Preliminary Eurozone Markit Composite PMI at 59.7. Forex traders can compare this to the Eurozone Markit Manufacturing PMI for July, reported at 62.8, the Eurozone Markit Services PMI reported at 59.8, and the Eurozone Markit Composite PMI reported at 60.2. Advanced Eurozone Consumer Confidence for August is predicted at -5.0. Forex traders can compare this to the previous Eurozone Consumer Confidence for July, reported at -4.4. The forecast for the EUR/JPY remains bearish despite the massive sell-off, as inflationary pressures, supply chain disruptions, and the delta variant of Covid-19 keep downside pressure on the global economy. Can bears remain in control over the EUR/JPY and force more selling? You can find our Website/Telegram Links in Description Below ↓↓↓
Short
by FOREXN1
2
Short Vision on EUR JPY for 13/08/2021Hello Dear Traders, EUR-JPY is finally going down after the breakout from the rising support, Just as I predicted yesterday, already 80 pips profit for the last two days. You find below my analysis for EUR/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/JPY will fall to 129.15 as I am showing in my chart. Our Daily Goal is 129. Currently, EUR/JPY is moving towards the resistance level of 129.65,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/JPY. Good Luck and enjoy your Bearish Market for today. Entry:@ 129.65 TP1: @129.45 TP2: @129.25 TP3: @129.05 SL: @129.85 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Short
by HugoAJROUCHE
Short Vision on EUR JPY for 23/07/2021Hello Dear Traders, You find below my analysis for EUR/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/JPY will fall to 129.5 as I am showing in my chart. Our Daily Goal is 129.3. Currently, EUR/JPY is moving towards the resistance level of 130.2,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/JPY. Good Luck and enjoy your Bearish Market for today. Entry:@ 130.18 TP1: @129.9 TP2: @129.7 TP3: @129.5 SL: @130.5 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Short
by HugoAJROUCHE
EURJPY Forecast1) Top-down analysis Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick Daily - Two candlestick rejection on 130.500 (Major psychological level) The bias is still upside due to doji from last two weekly candle. But still it has a high probability that it will go down further first to get some liquidity before going upside. Confluences for downside movement; a. Main trendline third touch b. Major psychological level 130.500 c. 4H Corrective
by Chiguuu