14.05.2021 15:39 Forex Analysis & Reviews: Short-term analysis and trading recommendations on EURJPY.
EUR/JPY Trade Ideas
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Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook. Fibonacci Levels XAU/USD: Gold after a remarkable sell off is trading significantly lower and bears still struggling to keep price ab...
26.11.2020 06:23 Forex Analysis & Reviews: Trading Signal for EUR/JPY for November 26 - 30, 2020: Key level 124.50
Ichimoku Kinko Hyo EUR/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels XAG/USD: Silver after a remarkable sell off is trading significantly lower. Market View Stocks, oil, and risk curren...
EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern. A return above the 50-period MA will allow the price to recover to 123.50 and 123.70 (resistance line going through the recent highs). Sell trades will become reasoned only below 123.00 (targeting 122.50). ...
EUR/JPY is likely to move further within an uptrend. The cyclical movement is clearly shown on the 4-hour chart. It has been climbing up since June 22 with short corrections. It’s widely expected that the story can repeat again this time. However, the pair may meet the resistance at 121.50. Wait unt...
EUR/JPY reversed down at the 200-week MA around 124.45. The pair became really overbought and formed a reversal pattern on the D1. On the H1, it found some support at the 121.30 (50-period MA). However, the fall below this line will open the way down to 120.60 (38.2% Fibonacci retracement of the May...
EUR/JPY seems so be forming a bearish harmonic pattern – something between Crab and Butterfly. There’s still scope for upside towards the 118.70/119.85 area, where a reversal to the downside should take place. Notice, however, that it often happens that the harmonic patterns don’t reach the exact ta...
03/31/2020 FLAGS EURUSD 4HOURS ARROW Resistance 1.11000 1.12000 1.13000 Support 1.09000 1.08000 1.07000 Primary Scenario EURUSD is now negotiating below the pivot point at 1.09509. If sellers remain strong we might see price to touch the support area of 1.09170. The Relative Strength Index indicator...
If you don’t want to deal with the violent moves of the USD these days, consider crosses, for example, EUR/JPY. The currency pair has been moving down since the start of January as the yen strengthened on the rising demand for safe havens. On the W1 chart, there are many negative signs: the 50-week ...
EUR/JPY is enjoying the medium-term uptrend since the start of September. The pair’s currently trading above the 50-week MA (121.66) and above December highs (122.50). The latter hadn’t let the pair to get higher for four weeks, so a break above will mean that buyers have become stronger. The next t...
Trade idea SELL 120.30; TP 119.80; SL 120.50 BUY 121.85; TP 122.20; SL 121.70 EUR/JPY has been moving up since the start of September. At the beginning of October, it formed a higher low. The pair is currently consolidating between 61.8% Fibo of the July-September decline at 120.45 and the 78.6% Fib...
Trade idea SELL 117.40; TP1 117.10; TP2 116.60; SL 117.55 The safe-haven appeal of the Japanese yen looks quite strong these days. EUR/JPY remains within the general downtrend (senior timeframes still have all indications of the bearish dynamics) and looks like it’s ready for another swing lower. On...
Trade idea SELL 116.20; TP 115.40; SL 116.60 The current risk aversion is encouraging the safe-haven demand for the JPY, while the weakness of the euro area’s economy is hurting the EUR. As a result, EUR/JPY will likely remain under pressure. Last week’s attempt of the pair to recover failed. Now th...
Trade idea SELL 117.30; TP 115.50; SL 117.70 The euro is fundamentally weak: the recent economic figures from the euro area were quite disappointing. Such weakness has prevented EUR/JPY from getting back above 120.10 (61.8% Fibo retracement of the 2016-2018 advance). The pair formed two doji candles...
Trade idea SELL 120.70; TP 120.10; SL 120.90 Slowly but surely, EUR/JPY is creeping down. This week, the currency pair broke the support line connecting June lows and thus resumed the downtrend which has been in place since the start of 2018. The pair is moving towards the 61.8% Fibo retracement of ...
Trade ideas SELL 122.05; TP 121.30; SL 122.30 SELL 121.25; TP 120.90; SL 121.35 EUR/JPY is correcting up. There’s a bullish impulse on H4. However, the overall trend remains bearish. Moving averages are in a negative position. As a result, we think about selling the pair on rallies. The upcoming ev...
Trade ideas BUY 122.30; TP 122.75; SL 122.20 SELL 122.05; TP 121.75; SL 122.15 EUR/JPY formed a “hammer” candlestick on D1. This is a sign of a potential short-term correction to the upside. Notice though that you have to be careful with a counter-trend trade like this as bears still dominate the ma...
Company does not offer investment advice and the analysis performed does not guarantee results Today's testing of 1/4 WCZ of 122.95-122.87 provides an opportunity to enter the sale. The first goal is a decline at least last week and a test of which will allow closing the part of the position. If s....
Company does not offer investment advice and the analysis performed does not guarantee results Today, the pair is trading between two significant areas. The determining resistance is WCZ 1/2 123.85-123.69. The test of this zone will allow you to get favorable prices for selling the instrument. As ....
Trade ideas SELL 123.00; TP 122.20; SL 123.20 SELL 124.20; TP 123.00; SL 124.55 It looks like the euro is vulnerable to further declines versus the Japanese yen. Yesterday, the European Commission cut the euro zone’s GDP growth forecast for 2019 to 1.2% from 1.3% predicted in February. The reading i...
Trade ideas SELL 125.90; TP 124.70; SL 126.15 EUR/JPY has been trading within an uptrend channel since the end of March. The pair is testing levels above the 50-day MA at 125.35 and getting closer to the 100-day MA and the resistance line connecting March highs above 126.00. The pair will likely be...
Trade idea SELL 124.00; TP 123.20; SL 124.30 EUR/JPY has made a spectacular decline this week because of the weaker euro. The pair reached our bearish targets and it’s time to set the new ones. The decline below the 38.2% Fibo at 124.20 will open the way down to the next Fibo level at 123.15. The ou...
Trade idea SELL 126.15; TP1 125.90; TP2 125.45; SL 126.40 EUR/JPY failed to settle above the 100-day MA. This line has a bearish bias and acts as resistance around 126.70. The weekly pivot point is also located near this area. As long as the pair is capped by this level, sellers will dominate at thi...
Trade idea SELL 123.95; TP 123.30; SL 124.10 BUY 125.10; TP 125.90; S: 124.90 EUR/JPY spent more than a month correcting up after its spike down at the start of January. It seems that the time the downtrend finally resumes is getting nearer. On W1, 50-week MA went below the 100-week one. If the pri...
BUY 126.25; TP1 127.00; TP2 127.30; SL 126.05 EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area. It’s the natural place for the pair to find some support. The pair formed a bullish engulfing pattern on D1. The short-term recovery may tak...
Recommendation: SELL 126.75 SL 127.3 TP1 125.75 TP2 125.35 TP2 124.1, SELL 127.2 SL 127.75 TP1 126.2 TP2 125.75 TP3 125.35 On the daily chart of EUR/JPY, the implementation of the "Spike and Ledge" pattern, in particular, the fall of the pair below the lower border of the "ledge" between the 127.6 a...