Eurjpyshort
EURJPY This is what I'm expecting on EJ on long term.
Once BoJ will start taking actions against inflation I'm expecting strong yen.
I think that Euro will face a lot of troubles through upcoming winter which can cause more downside for Euro and this is the main reason why I'm expevting strong Yen on long term.
I'm not chasing the top. I will start placing shorts once we will see nice confirmation of trend reversal.
STAY SAFE, DO YOUR OWN ANALYSIS AND RISK ONLY HOW MUCH YOU CAN AFFORD TO LOSE.
EURJPY: Next goal!Until now, the continuation of the upward momentum is likely to result in an immediate target emerging around 160.00 in the short term. The subsequent breakthrough will not encounter any notable resistance levels until reaching the highest point of 2008 at 169.96 on July 23.
As of now, there are positive long-term prospects for the convergence of bullish and bearish trends while on the 200-day SMA, which stands at 146.92 today.
EURJPY End of Bull Run! Let's go Shorting. {31/07/2023}Educational Analysis says EURJPY may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because Jpy fair value gaps are unfilled in a 1- hour time frame.
Although last week EURJPY proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure.
The Rectangle box is the Order block
Analytical Trade would probably be
Sell limit order at 157.850
Stop loss at 158.90
Take profit at 151.356.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
30) EURJPY Weekly ShortI think it's a Sell Position on weekly timeframe :
You can split your Lots by 3 parts as below:
Entry 1 : ¼ Lots on price 155.750
Entry 2 : ¼ Lots on price 157.500
Entry 3 : ½ Lots on price 153.000
Close half of your Lots on price 147.000
SL on price 158.700
try to lose less,
Profits will arrive on time
EURJPY: New developments!The EUR/JPY cross builds on the previous day's goodish rebound from the 155.80 region, or a one-week low and gains strong follow-through positive traction for the second successive day on Tuesday. The momentum lifts spot prices to over a two-week high, around mid-157.00s during the Asian session and is sponsored by the heavily offered tone surrounding the Japanese Yen (JPY).
EURJPY very positiveHello traders. According to my analysis of the EURJPY. There is a high probability of going up. Where the market broke out of a bearish flag. Likewise, the strong resistance at the level of 147000 was broken. The price tested the resistance for the second time. And he couldn't break it. Also, a very positive candle has formed on the daily chart. All of these indicators indicate the strength of the buyers in this pair . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Monetary Policy Bonanza: Central Bank Decisions to WatchThis week, three of the world's most watched central banks are scheduled to announce their monetary policy decisions. The Federal Reserve will be the first to make its announcement on Wednesday at 2:00 pm, followed by the ECB on Thursday at 8:15 am, and the Bank of Japan later on Thursday at 11:00 pm (NY time). This convergence of central bank activities may lead to potential trading opportunities.
The consensus among analysts is that the Federal Reserve will raise borrowing costs by 25 basis points, bringing the interest rate to 5.25%-5.50%. This rate hike is widely expected, so traders will be more focused on the policy outlook of the Bank. How hawkish or dovish the Bank's stance is perceived to be will likely influence the EUR/USD pair. Because inflation gauges in the US have eased recently, the Fed may hint at potential pauses in future rate hikes.
About 18 hours later, the ECB is also anticipated to deliver a 25bps rate increase. Once again, traders will be closely watching the Bank's outlook. While there is a possibility that the ECB may hold back from committing to further tightening, the absence of similar inflation softening in the Euro Area as seen in the US makes this less likely.
Looking at the EUR/USD chart, the pair has already slipped below a technical support level at 1.10700, and the psychological level of 1.10500 is now in clear view.
Among the three central banks, traders believe that the Bank of Japan is the most likely to surprise the markets. There's speculation that the Bank may make adjustments to its yield curve control policy. If this scenario unfolds, the Japanese yen could attempt a comeback in the currency markets, reversing some of its previous losses against the US dollar and the euro.
EURJPY: JAPANESE YEN PRICEDuring the Asian session on Friday, the GBP/USD pair slightly increases and distances itself from the lowest point it reached in the past week and a half, which was around the 1.2840-1.2835 range. However, there isn't much momentum in terms of buying or a strong belief in an upward trend, and currently, the pair is trading around the 1.2880 range, with a modest increase of just over 0.10% for the day.
EURJPY: Uptrend is formed!The EUR/JPY has experienced a significant bounce from a critical support level, which includes the upper boundary of a slightly upward-trending channel that has been in place since last year, as well as an ascending trend line that dates back to March 2023. This rebound has created an opportunity for the currency pair to potentially reach the previous high at 158.00, which was recorded in early July.