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Eurjpyforecast

EURJPY - SHORT; SELL the Monthly Resistance here! ......despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ. Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away. Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
Short
by Nemo_Confidat
8
EUR/JPY reversed from the resistance once again, time to drop?Overview - EUR/JPY has been unable to break the resistance level for the last two weeks but bears have not been able to capitalize on it yet. However, yesterday's drop seems encouraging for the bears. Analysis - From the chart, you can see that, yesterday's daily candle was a big bearish candle with a long wick at the top. So, it is quite likely that price will continue to go down now. Probable trade set-up - I have already published a signal to sell EURJPY@130.50-131 last week. So, if you followed it then continue to hold the trade. New sells can also be executed if price visits the resistance level again. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
9
Temporary reduction of pricesTemporary reduction of prices In general, as you can see, it is in a long-term uptrend channel and has not been able to cross its resistance with several consecutive attempts, and is expected to fall to the bottom of the channel if it loses its uptrend line. It will be, and if it can overcome its resistance, it is expected to climb to the top of the channel. In general, the price is more likely to decrease to the bottom of the channel. Because according to the stochastic oscillator, a descent occurred, which indicates a short-term death cross in price.
Short
by javadrezvani
EUR/JPY approaching potential reversal zone.Overview - EUR/JPY is in an uptrend for a long time now. But, price is finding a lot of resistance at the 130.50 area. Despite that, reversal is elusive so far. Let us analyze and find a possible sell entry for EUR/JPY sellers. Analysis - From the chart, you can see that EJ has not been able to break the 130.50 barrier for the last 7-8 days. So, a reversal might happen soon. The area between 130.40 to 131 is the PRZ where we can execute sell trades if there is bearish price action. Probable trade set-up - Based on this, if there is bearish candlestick formation in the PRZ, sell entries between 130.40 to 131 with SL above the PRZ and TP at 128.25 is a possible sell signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
10