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Eurjpysignal

Long Position on EURJPY-4HHello Traders ! This is a technical view on EURJPY , we're looking to taking a long position on EJ in the next few hours. For the following reasons: After the last big rally on EJ, the price was stuck in between levels: 134.00 Support & 140.00 Resistance, then we saw a fake break down at 134.00 Support as is shown in the Weekly Time-frame. It's close with that strong support. Also, we had a retest last week at the same level of Support and started pushing to the upside, as the price pushing to up side the market has created a fresh demand area at 135.50 & 135.20 of Daily Support. As a result, it gives us another opportunity to ride with the market to continue its move upwards targeting a resistance level at 138.50, which has never been tested yet. We expect that move to happen in a few days, maybe by the end of this current month. TRADE CAUTIOUSLY..
Long
by aymanjemghili
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0740 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - EURJPY PRICE can be DOWN to 138.203 LEVEL before DOWN. Then you can DOWN to 133.770 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
SELL EJ FOR 900 PIPS, MARKET CRUSH!!!From the day timeframe, we can see a perfect head and shoulder from the legs of 7th March, 2022. head got cupped at 138.31/136.78 (not expecting a buy into any of the listed zones above). A sell into 130.100, other way round a possible sell into 125.58/124.40 to complete the second leg! * Price bounce at 133.210 has been completed. Hence it now serves as a breakout price point of sell for EJ!!! --- From the 2H TF, descending triangle formed with a prefect entry. waiting for it to be completed at 125.60 Hence, we're shorting EJ to a RR of 1:7.4, perfect risk to reward ratio! NB: red box--rejection zone blue box--breakout zone yelow box: demand/supply zone
Short
by DAdepa
2
EURJPY (15) BREAK AND RETESTHello, EJ rejected the minor trendline and formed a bearish candle showing that the bears had taken control. So in the opening of the Asian session i want to see it move downwards either reject that downward minor trendline and move up or break through with strong bearish momentum , if it rejects it like in the past then i want to see it move upwards as basing on divergence and market structure as main confluences. Share your thoughts with me Jesus loves you <3
by louisemwesigwa