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Eurjpyanalysis

EurJpy- Bulls need 139.50 zone intactJpy has started the year very weak and, in EurJpy's case, reversed strongly from 137.50 support( visible on the daily chart). After breaking above 141.50 resistance on Monday, the pair continued its rise and reached the very important resistance zone from 143. An immense 250 pips drop followed this rise yesterday, and the pair is trading now at 140 Considering the strong reversal from the bottom, I maintain my idea that a resumption of the long-term trend is possible, and for this scenario to remain intact bulls need to stay above 139.50 support
Long
by Mihai_Iacob
18
The EURJPY tends towards the positivity – AnalysisDespite the EURJPY pair’s recent weak trades, attempted to provide additional pressures on the moving average 55 at 142.10 showing the chances of resuming the bullish attack in the near term and medium term period. Since the price surpassed the current obstacle and closed positively above it, it confirms moving to the next correctional station, to expect achieving many gains that might start at 142.60 and 143.30 levels.
Long
by eltonmorningstar
1
The EURJPY ends the decline – AnalysisThe EURJPY pair hinted getting rid of the domination of the bearish bias by forming correctional bullish rally, to surpass 138.80 barrier and achieve some gains by touching 140.75 level. I notice that stochastic begins to provide the positive momentum, while I assure the importance of monitoring the price now and wait to surpass 140.95 to avoid any sideways fluctuation, to target new positive stations that might start at 141.55 and 142.20.
Long
by eltonmorningstar
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can sell at 138.844 level before BUY. After that you can BUY at 147.15 LEVEL. If the MAIN STRUCTURES BREAK anyway, the EURJPY price can definitely be BUY at 147.15 LEVELS.
by benny_marshall
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can sell at 143.02 level before buying. After that you can BUY at 148.156 LEVEL. If the MAIN STRUCTURES BREAK anyway, EURJPY price can definitely be BUY at 147.137 LEVELS.
by benny_marshall
EURJPYPrice failed to get to 145.70 before dropping earlier so at that no trade was triggered. currently you can see that price has broken the previous support at 144.45, which is acting as the current resistance. if this resistance hold expect price to continue to drop down to 143.20 and if this zone breaks expect more drop to 141.90 stay tuned to this feed for live trading updates please refer to my previous publications to be able to understand how I approach the market feel free to drop your own views, comment or criticism .
Short
by ForexAlpha7
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can sell at 142.544 level before BUY. After that you can BUY at 147.137 LEVEL. If the MAIN STRUCTURES BREAK anyway, EURJPY price can definitely be BUY at 147.137 LEVELS.
by benny_marshall