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Eurjpylong

W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY. Broke out and now is showing upside momentum. 7>21>200 RSI>50 (Higher Lows) Target 157.57 SMC Sell Side LIquidity Order block where SM is sweeping sells and buying into them. Hence we placed a stop loss just below this order block... NOTE: This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom. If the height was less than 50% then it'll deem it as a Cup and Handle
Long
by Timonrosso
EurJpy- All eyes on 143 zoneTwo days ago I've said that I expect a rise for EurUsd and also a rise for UsdJpy (Stronger than Usd Euro, but also stronger than Jpy Usd) and this will give us a double effect on EurJpy. Indeed, this happened, and EurJpy rose 300 pips in these two days. Technically speaking, at this moment, the pair is above 143 resistance, which is now support and is correcting from the very important 145 resistance. In my opinion, after this correction, EurJpy will resume its rise towards 150, and dips from this possible drop should be considered good opportunities for bulls. As said, the 150 zone remains my target for the medium term and a drop under 142 would negate this bullish scenario
Long
by Mihai_Iacob
13
EURJPY at crucial support.EURJPY - 24h expiry - We look to Buy at 139.55 (stop at 138.60) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Previous support located at 139.55. Our profit targets will be 142.30 and 144.20 Resistance: 141.60 / 142.90 / 144.20 Support: 140.00 / 137.40 / 133.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY SELLWelcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first stage. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
EURJPY BUYWe are Currently Focused on EURJPY on A buy Moves for about 250 pips plus so basically, let me break it down for Educationally understanding so We are Currently on a Support and Resistance formation so we currently have on our Support Zone a reversal pattern and you all know what it means when a reversal pattern occurs on a support zone or Area it shows that the sellers are getting weak in that case we would be expecting more buyers, so with that being said we have a H&S ( head and shoulder) pattern, so we are Currently expecting price to test the neckline @141.950 zone before we can start buying to or TP LvL @144.851 and we are only resting 63 pips on this trade SL @141.321 remember risk management is Golden key in trading. So tell me what you think drop a Comment guys thanks
Long
by GoCrazyfx0
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can sell at 140.10 level before buying. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall
EURJPY TRADEWell here i used Fib tool to get another confirmation to enter a trade,we have fib 0.618+retest of daily zone+bullish engulfing,so triple confirmation,if u go to daily and u pull a fib from the low to the hi,0.618 alignes with my zone 144.287-always look as a zone not a LINE,i put the lines because if not my chart looks messy,and daily is retesting ,i only enter when 0.618 or 0.5 alignes,and only using fib sometimes to get multiple confirmation,here a bullish engulfing and a retest would be enough for me,didnt manage to publish the trade before i entered,if someone is interested i can do it most of the time,always glad to help and to share the knowledge
Long
by ZONE2ZONE
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can be SELL at 143.80 level before BUY. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall