EURJPY Full Analysis Description : We’re bullish on monthly momentum, we have also hit monthly resistance and made a pullback last week to previous support which is holding now. Currently, we are having a bullish move which can turn into a Lower High to continue going lower OR it holds within that area to continue to the upside. At the moment, we wait on 4...
Hello friends! BUY Execution according to the market.
Euro is weakening heavily and JPY is looking still very bullish. From technical perspective, this is great opportunity for seller to go in and start adding to short positions.
Time = 1H – Structure = Downtrend – Pattern = Head & Shoulders – Tendency = Downtrend ** Await market for Neckline breakout Time = D – Structure = Downtrend – Pattern = Downtrend channel – Tendency = Downtrend ** Above Chart indicated with Heikin Ashi FOR CLEAR VISION GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged...
We will look in several aspects for EURJPY as of now: Support and Resistance, Fibonacci Retracement, Elliot Wave and Bollinger Band. Support and Resistance We can see that price level is currently at a strong resistance level. Interesting, doji candle on last friday's candle with a nice bearish movement starting of this week with a nice rejection towards the...
Going to see how price reacts around the area when it reaches the trend line low.
Our forecast for the next week on EURJPY ------ Trading Kitchen
Currently, EUR/JPY is trading at 119.81. The pair is trading in an up trend from 18th May after breaking resistance level at 116.12. Altough, the pair has already touched its first target and second target. It may start a new down trend if it breaks the support level at 119.44. Do follow us for future Forex trend analysis. Thank you, Rishikesh Lilawat
EURJPY is trading in rising channel pattern. It is also at the resistance level of pattern. Considering the chart analysis we think, the price may come down towards the support level of the channel pattern. Trade can be done for the short side with proper risk management and stop loss level. Thanks