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Eurjpyshort

Possible short on EURJPYHi! This is my first post, and do let me know if you think I'm wrong on any of this. As we can see on the RSI indicator, EJ pair is curently very overbought. Furthermore, we're facing a probability of a double doji close on 1h chart. Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and TP2. Whatever happends after, I do not know. If you read this, please flame me in the comments, but do give a like (I really want to be able to use the chat function :)) Good luck!
Short
by kamildx4
1
EURJPY sellCommenting on the Bank of Japan’s (BoJ) policy outlook under the new Governorship this Monday, Japanese Cabinet Secretary Hirokazu Matsuno noted that “I expect the Bank of Japan will implement appropriate monetary policy in collaboration with the government.” Further, when asked about China's military drills around Taiwan, Matsuno said that “we are keeping a close eye on the situation.” The new BoJ Governor Kazuo Ueda is likely to hold his inaugural press conference on Monday at 10:15 GMT.
Short
by boskopikica
1
A 1,000 Pip+ Move On The Cards ???Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. On the Monthly charts we are at a long term SUPPLY/SELL zone and the weekly charts is showing us that this area is getting respected with the sideways distribution period that has been in play most of this year indicating buyers are getting exhausted and sellers are positioning themselves to turn the tide downwards. One thing I notice is the gap up on the weekly charts at the beginning of this week/month this is a good indication that we should be looking to sell this pair very soon because the GAP is occurring at long term SUPPLY/SELL zone at the top of a move this is a sign of buying exhaustion. Hence I will start looking for SELL signals on the 8hr to Daily chart using my TRFX king indicator first easy target for this pair should be the bottom of the distribution zone that I have marked in green where we will likely get a reaction upwards before moving downwards towards 133. This is a long term swing play and may take a while to work out though the indications are looking very clear that we will be moving down off course a clear break and close above the Monthly SUPPLY/SELL zone will invalidate this position.
Short
by TheFxAce
4
EURJPY to stall at current swing high?EURJPY - 24h expiry - We look to Sell at 145.55 (stop at 146.20) Buying pressure from 143.62 resulted in prices rejecting the dip. The current move higher is expected to continue. Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 143.70 and 142.90 Resistance: 146.05 / 148.40 / 151.40 Support: 142.90 / 141.60 / 140.00 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.
Short
by OANDA