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Eurjpyanalysis

is eurjpy forming a messy H&S?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation i.e. on a broader look on the 2 day we can see eurjpy finish forming the head key points: . with the breakout of the jpys we see extreme volatility . market tends to react strong to opec and largard meetings . ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it . due to its extreme volatile nature trading it on the 8 hrs would reap most profits take away: . after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head . it later found support @139 to retest the high of 144 which it failed to break > a 139 was created when Ecb hints at a rate hike . after rejection @ 144 we see it found support @137 to go as far as 142 > 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession? . with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135) > i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder? outlook: . if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is . if price can't maintain 135, we sell right to back 133 which will be current support previous resistance. > then wait for confirmation to buy up to 138-140 after, we wait to see rejection to sell back to the 133 support . if price holds 135 we buy up to 138-140 then wait for rejection to short back to 133 . after price does this we wait for more information to see whether price will hold 133
Short
by shermuelinvesting
is eurjpy forming a downward channel?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation i.e. on a broader look on the 3 day we can see eurjpy finish forming the head which i will publish after key points: . with the breakout of the jpys we see extreme volatility . market tends to react strong to opec and largard meetings . ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it . due to its extreme volatile nature trading it on the 8 hrs would reap most profits take away: . after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head . it later found support @139 to retest the high of 144 which it failed to break > a 139 was created when Ecb hints at a rate hike . after rejection @ 144 we see it found support @137 to go as far as 142 > 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession? . with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135) > i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder? outlook: . if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is . if price can't maintain this region, we sell right to back 133 which will be current support previous resistance. . after the price goes back to 133 we take profit and wait for more information to see if price will break this neckline
Short
by shermuelinvesting
EURJPY analysis: approaching a dangerous zoneThe yen maintains its positive momentum by attracting buying flows from investors seeking refuge in safe-haven currencies as global recession fears grow. The yen also received additional support after Bank of Japan Deputy Governor Masayoshi Amamiya acknowledged last week that the BoJ should begin considering tools to end ultra-expansionary monetary policy, though the actual change is unlikely to occur anytime soon. In addition to the dollar, the Japanese yen is strongly regaining ground also against the euro, with EUR/JPY now trading at late May levels and down about 6% from June highs. The appreciation of the yen against the euro occurred despite the ECB's 50-basis-point rate hike in July, leaving the BoJ as the only major central bank that has not yet raised rates. Japan has remained more isolated from worrying energy risks in Europe, where the clouds of an impending economic recession are gathering. The 10-year yield spread between Germany and Japan has fallen to 0.6%, the lowest since mid-May, as Bund yields have collapsed in response to data indicating a bleak economic picture in the Eurozone. Technically speaking,tThe formation of a triple top at the end of June ended the EUR/JPY currency pair's multi-year uptrend, and the breakout of the neckline support at 137-137.5 solidified the trend reversal bearish pattern. The RSI is dangerously pointing down, but it still doesn't show that technical conditions are oversold. The next level of support is seen at psychological 134, followed by 132.7 (May 12 lows).
by Capitalcom
Bearish EURJPY - 28 July, 2022After consolidating in a large range for several weeks, in mid July this pair made a lower high. Now price has broken below an important support located around 137.250. I am expecting the bearish trend to continue, hopefully after price pulls back to the area of previous support. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades .
Short
by Trading_Vista
Eurjpy correction completeHi everyone in the Trading View community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:EURJPY We can see market testing its trendline and in a correction phase. So we are expecting more fall from its resistence TL. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Short
by Theranasaramd
Bullish continuation EURJPY for the week of 11 JulyOn D1 I see a bullish trend that paused/halted and became a ranging market. Recent rejections show me that this pair may head up again, at least to the top of the range (143.90). The s/r zone I have drawn has held up so far and today we had a deeper penetration of the zone too. We also have a close above the zone with a pin bar candle. This gives me a bullish bias. The H4 chart looks interesting although we are below the 50ema. The last 15 candles have been around the s/r zone, We had a swing low and then a lower low within the zone. If we see a higher low next, that would confirm my bullish bias and I would like to take a long. We don’t have a clear uptrend, but this analysis does make sense to me. This could be treated as a range trade that may turn into a trend continuation. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Long
by Trading_Vista
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