(JPYUSD) Analysis chart suggests a potential rejection from the resistance zone with an anticipated downward move, as shown by the blue arrow. Key observations include:
Resistance Rejection: The price is struggling to break above the marked resistance zone, aligning with the downtrend's upper boundary.
Trend Continuation: The downward channel remains intact, implying the potential for the price to head lower if the rejection is confirmed.
Potential Target: The price may aim for the lower boundary of the channel, possibly testing support areas around 0.006300 or lower.
Are you considering entering a sell position here, or waiting for more confirmation? Let me know how you'd like Looking at the chart, here are potential targets based on the descending channel and price action:
1. **1st Target**: **0.006320** (near the middle of the channel and a minor support zone). FX_IDC:JPYUSD
2. **2nd Target**: **0.006300** (key support area aligning with the lower channel boundary).
3. **Final Target**: **0.006280** (bottom of the channel for a full move).
Keep an eye on how price behaves around the mid-channel zone; it could pause or bounce before reaching the lower levels. Would you like to adjust for risk management or trail the stop as the price moves?
Eurojpy
Here’s a summary of the EUR/USD chart: **Trend Analysis**: Here’s a summary of the EUR/USD chart:
1. **Trend Analysis**:
- The chart shows an upward channel with clear support and resistance lines.
- The price is currently trading near the middle of the channel, suggesting a potential continuation of the bullish momentum.
2. **Moving Averages**:
- Several moving averages (20, 50, 100, 200 EMA) are displayed.
- The shorter-term EMAs (20 and 50) are starting to slope upwards, aligning with the bullish trend.
- The price has broken above the cluster of EMAs, which can indicate bullish strength.
3. **Projection**:
- The purple arrow suggests a scenario where the price may continue rising toward the upper channel boundary.
- A potential pullback to the support line of the channel is anticipated before another upward push.
4. **Key Levels**:
- Resistance: The top boundary of the channel near 1.0500-1.0540.
- Support: The lower boundary of the channel near 1.0380-1.0400.
5. **Possible Trade Setup**:
- A buy opportunity could arise if the price retraces to the lower boundary or EMA cluster before resuming the upward movement.
- Targets could be set near the upper channel resistance (1.0500+).
- A break below the channel would invalidate this bullish scenario.
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.
EURO/JPY Hello Agn,
I wanted to let you know that there's an opportunity to enter a short position in EuroJPY. Recently, the Japanese government's banking system made a move in the market, resulting in a sharp downward candle. Considering all the other candles that came afterward in an uptrend, it could be a sign that a downtrend is up ahead (i see all these candles as a CP).
Therefore, you can enter the market in a downtrend position and potentially make a profit. Let me know if you have any questions or concerns.
And Like always Thank me Later.
EUR/JPYI was going to open a small short position .. on this pair, so I'm giving out the signal fast .. in higher time frames market is doing a correction on an uptrend .. so we are going downward .. the price moved quickly enough to make a gap in MAs so now its a correction to that .. I've highlighted the PRZ zones that I think might work .. myself im opening a short position.
EURJPY broke the uptrend line in the 🔴Heavy Resistance Zone🔴EURJPY managed to break the uptrend line in the 🔴heavy resistance zone🔴 with a breakout candle.
EURJPY is currently pulling back to the uptrend line.
I expect EURJPY to break down to at least the 🟢support zone🟢.
Also, I shared a short position with RR=2.86 with you, but be sure to trade according to your own strategy, and don't forget capital management.
🔅Euro/Japanese Yen Analyze ( EURJPY ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Japanese Yen 💵 Analyze(Short term)!!!⏰Euro/Japanese Yen is approaching the lines of resistance that have been broken.
I have shown you the possible next moves on my chart.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Japanese Yen 💵Analyze(Update)!!!Euro/Japanese Yen was able to break the resistance lines.
Also, It seems that Euro/Japanese Yen completed microwave 5.
I expect Euro/Japanese Yen to go down at least to Resistance lines like a pullback movement.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Japanese Yen 💵Analyze !!!Euro/Japanese Yen was able to find the end of wave 5 in the resistance zone and near the resistance lines.
I expect Euro/Japanese Yen goes down at least until the support zone, and maybe more than it.
🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Japanese Yen 💵Analyze !!!Euro/Japanese Yen pulled back from the resistance line & EMA 50(Daily TF) by heavy volume Shooting 💫Star💫 Candlestick Patten(It is more valid).
I expect Euro/Japanese Yen goes down at least until the support line. After that, we have to wait for the scenarios that I drew in my chart.
🔅Euro/Japanese Yen Analyze (EURJPY) Timeframe 4H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Euro/Japanese Yen 💵Analyze !!!Euro made a Bearish AB=CD Harmonic Pattern around 144 JPY . We can see point D of my pattern at my TRZ ( Time Reversal Zone ) & PRZ ( Price Reversal Zone ).
I expect that Euro can go DOWN to the Support Zone .
🟢 Support Zone 🟢: 128.8 JPY until 124.9 JPY
🔅 Euro/Japanese Yen Analyze (EURJPY) Monthly Timeframe⏰
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
EUR/JPY Sell opportunity euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure
look for bearish confirmation on lower time and enter short with your own money management
always remember patience and discipline are the keys to become a successful trader in Forex