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Eurjpyforecast

EURJPY H4 LONG PRICE ACTION FORECAST With price action forming a clean HH&HL pattern, and price reversing right from the rising trendline for an uptrend confirmation momentum allows the placing of a long entry, expecting the next bounce for the following order The order: Type: buy-limit S/L: 37 pips - R:R | 1:2 - T/P: aiming towards a previous swing high. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURJPY| Meeting The Emperor at 122.00 Checkmate Floor| 6thJuly20EURJPY has been seeing the downtrend over the years. Like no other currencies, EURJPY has given the birth of an uptrend against the Japanese Yen. Towards all other currencies, Yen seeing their currencies weaken all over the market traded. This given the opportunity to other currency pair to strengthen. 2020 is the year where we all witness the weakness of the Yen. As i watched the over the counter, the opportunity has been spotted this week. I am very optimistic about the EURJPY and I am very sure the price will move to the 122.00. Checkmate the price over the target. I am taking profit cycle by cycle. Good luck. If you would like to trade with me live trade and love seeing this post, dont forget to subscribe to my coaching package. Thank you. Regards, Zezu Zaza 2048
Long
by Zezu_Zaza
EURJPY H1 SHORT PRICE ACTION FORECAST -UPDATE-The price structure after forming an "M" pattern has continued with its bearish tendency. Currently finding support towards the 200MA, if the price breaks out the MA, a short entry will be waiting for it to capture the downward movement. The order: Type: sell-stop S/L: 20 pips - R:R | 1:2 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURJPY H1 SHORT PRICE ACTION FORECASTPrice structure has formed an "M" pattern with a double top and supported by a bearish divergence from MACD signaling the bearish momentum hovering the pair. Expecting a healthy correction to continue its downward movement allowing the setup for a short entry The order: Type: sell-limit S/L: 29 pips - R:R | 1:2 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURJPY H4 LONG PRICE ACTION FORECAST Although the Euro is currently showing some indecision after some exhaustion from the bulls rally on the London session, the pair remains under bullish dominance. The EMA about to form a golden cross to arrange the uptrend bias from the book finally, with its perfectly HH & HL the price action allows a long entry to the previous demand zone The order: Type: buy-limit S/L: 55 pips - R:R | 1:3 - T/P: aiming towards the resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURJPY Broke Out of Trend!!! Bullish Continuation!!!As we can EURJPY has broken our of trendline and now heading back for a BULLISH Climb. Previously, we expected price level to reach 61.8 fib level before retracement however what we say today was a price rejection off 50.0 fib level breaking 38.2 fib level and currently showing a good potential to reach 23.6 fib level. At which, we have to take note of further bullish signs to for it to break that level or else we could be seeing another rejection off that level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex
BEARISH Looking For EURJPY...Good Short Opportunity!!!We can see that after the bullish breakout of the trend, we start to see BEARISH retracement taking place. Taking that to consideration, lets keep a BEARISH bias before we look into the technical analysis part of EURJPY. Interestingly, fibonacci retracement shows a nice pattern with price level retesting 23.6 fib level and 38.2 fib level as it falls. Definitely, by drawing a nice trend line we can also yet to see any form of breakout of this BEARISH trend and I expect a continuation in BEARISH movement breaking 50.0 fib level and potentially retesting it. I believe we will see a lower head forming as it heads downward to potentially 61.8 fib level. At the level, there is also a rather strong support level @118.50. Between 61.8 level and the support level forms my strong support area (Red area), if we see a breakout definitely 78.6 is possible. As of now, I will look into a short position to around 61.8 fib level where it could also potentially meet the lower band. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex