Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 169.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 169.500 support and resistance area. Trade safe, Joe.
The ECB are expected to cut their benchmark rate for the first time in 8 years in a few hours. Yet as it has been so well telegraphed and they seem unlikely to provide promise of further cuts just yet, we suspect upside potential for euro pairs once the dust has settled. And with Wall Street at new highs and appetite for risk on the rise, EUR/JPY looks good for...
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Indecisive price action has resulted in sideways congestion on the intraday chart. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further...
EUR/JPY is rising towards the pivot point which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 169.45 1st Support: 167.39 1st Resistance: 170.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not...
EUR/JPY has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance. Pivot: 169.40 1st Support: 167.40 1st Resistance: 171.57 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
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A recent bullish violation of a key daily resistance on EURJPY makes me think that it has a nice potential to go up again. The broken structure now turned into support. The price may reach 171.0 level soon. ❤️Please, support my work with like, thank you!❤️
The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets: Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out,...
Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support. Pivot: 169.38 1st Support: 167.36 1st Resistance: 170.70 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
EUR/JPY is falling towards the pivot and could potentially bounce from this level to the 1st resistance. Pivot: 167.35 1st Support: 166.46 1st Resistance: 169.40 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into...
The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit. Entry: 167.15 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 168.62 Why we like it: There is a pullback...
Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red. Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted...
EURJPY - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. 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. We...
EURJPY H8 We are sitting nicely at our previously identified sell zone, we ended the week very red last week, before seeing some corrective play to start the week off today. A swing short to start the week.
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of...