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Eur-jpy

EURJPY facing bearish pressure | 22nd July 2021EURJPY is holding below horizontal swing high resistance, in line with descending trendline resistance, 61.8% Fibonacci retracement, and 100% Fibonacci extension. Prices are expected to fall to horizontal swing low support, in line with 100% Fibonacci extension. Alternatively, prices may increase top horizontal swing high resistance, in line with Fibonacci extension. Moreover, stochastic is approaching resistance at 93.47. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
EURJPY 4hour Analysis July 18th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish and honestly because of the high volume and how price action is forming it’s making our options more risky. We want to continue with the trend so we want to try to enter on high probability trades only. Either EJ will push lower now and could present a good short opportunity but confirmations will be limited. Or price action will pullback to resistance near our 38.2% fib level and present short opportunities after a confirmed lower high. Trade scenario 2: For us to consider EJ bullish we ideally need to see price action break above 132.000 with a confirmed higher low.
Short
by ForexLeague
EURJPY 4HR Supply Demand Breakdown - Where do we go?EURJPY closed in a Supply Zone whilst breaking a weak zone on its journey up. From here there will be a reaction but where is it going? I cannot predict, no one can, but we can react. The pair is still very much bearish based off this timeframe, you can see it dropped down in to a Demand Zone which was created way back and the reaction was clear to see. Since then its been pushing up, it punched through a minor supply zone with very little reaction, but now its arrived at a place where I would expect to see a bigger reaction. Monday will give a clearer idea of the pairs intentions and I will be down on the lower Timeframes taking the trades based off what the chart is telling me
by jp7fx
The global recovery… they think it’s all over… - ING*EUR/JPY is typically correlated with the global economic cycle. The recent drop to 130 from 134 therefore begs the question whether the global recovery is over, and we are instead waiting for central banks to start turning dovish in response to slowdown fears? That seems very wide of the mark unless one has a conviction view that we are heading into a recession. *We do not hold that view and instead see the recent EUR/JPY dip as a correction and retain a view of a move to 140 next year. *A big part of this view rests on the Eurozone playing its part in the global recovery. We need to see hard data delivering on bullish survey data – and our macro team is confident of 4%+ EZ growth.
by thunderpips
1
EURJPY 4hour Analysis July 11th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are definitely overall pretty bearish on EJ and the trend looks like it could continue this next week. Ideally we see resistance and broken structure tested and rejected around 131.300 with strong bearish setups to follow. This will confirm the lower high, new structure and the continuation of the trend, target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish we need to see a major resistance level broken. Conservatively we will wait for price action to break 132.000 resistance and for higher lows to form above this level.
Short
by ForexLeague
EURJPY looking for a short position 🦐EURJPY after the break of the ascending channel has tested twice the daily support at the 130.600 level. According to Plancton's strategy if the market will break below we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
Doubt of breaking structure, advance bullish pattern attemptHi guys, this is my though on EURJPY, EUR is getting week no doubt due to USD strength, but still I asking myself about this setup initially... Turnout, I still believe that 2nd attempt on the breakout is naïve and childish. There's is so much more reason for me to buy EUR compare to JPY. That's why I planned out this trade with a seconded similar ideas on the Tradingview. I put some of my inspiring idea post on this to credit them. Thanks... Credit:
Long
by FxBrewer
EURJPY 4hour Analysis July 5th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking very bearish on this pair and as we generally remain below 132.000 we’re going to favor bearish scenarios only. Look for a clear lower high to form below 132.000 with strong bearish setups and target lower toward key levels of support. Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 132.000. Look to target higher toward key resistance levels.
Short
by ForexLeague
EURJPY 4hour Analysis June 28th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish after recently completing a pullback and lower high formation. We saw rejection of the weekly level at 132.750, rejection of the 200ema, moving average cross, lower high formation and strong bearish setups with an engulfing through major support at 132.000. This is everything we want to see before entering a trade. From here I would either enter a short position now or wait for a lower high below 132.000 then target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish we would need to see a break of resistance at 132.750 with a higher low above.
Short
by ForexLeague
EURJPY a turn at the 0.618 🦐EURJPY after the last bearish impulse close the week with a retracement at the 0.618 Fibonacci level. The market tested the 132.500 and now turn over a support. According to Plancton's strategy if the market will break below we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
Bullish Analysis on EUR/JPYGood morning, traders! Today we will analyze the situation in EUR/JPY since many of you may be interested, mainly in the momentum/trend traders. 🔸The price has been in a solid upward movement for more than a year. We can draw a bullish channel by joining the ascending highs and lows, and we see that recently the lower trend line was tested. There was an attempted break, but the price could not consolidate below and instead generated a strong rejection and a subsequent bullish momentum. 🔸Throughout June, there was an extensive corrective process with no clear direction. A clear reversal of the trend. 🔸We consider that this instance is about to end, and if a bullish break is generated, there are high chances that we will see a movement towards the Weekly Resistance zone. 🔸The Weekly target we are looking for is the supply zone that led to the previous downtrend in this pair. At the moment it was touched, it was a level that generated a bearish movement that lasted almost two years. That is why we consider that if having or opening bullish positions in this pair, it is a good place to close the trades or minimally reduce the risk or take some profit.
Long
by ThinkingAntsOk
1