Eurjpyshort
EURJPY A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 135.775 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURJPY is in Downtrend and It is Expected to Continue Downtrend.
EURJPY LONGS 📉📉📉📉 Expecting bullish price action on EJ as i think price will hit the weekly highs + buy side liquidity area ASAP. We have a huge bullish momentum with JPYBASKET melting intot the ALL TIME LOWS.
Retail Herd is trying to SHORT this pair wanting to catch the TOP.
What do you think ? Where we go next..
EURJPY CONSOLIDATION So we are looking at EURJPY to test back to the tip of the resistance at 135.466 before selling. While we wait we should watch for the break of 135.086 support level. If price breaks that support level before reaching to our resistance POI at 135.466 then we will start shorting from there
EURO selling pressure against YENFX:EURJPY
The uncertainty of the peace agreement between Russia and Ukraine, still weakens the euro against the yen.
Japan's inflation increase of 0.5% in February 2022 to 0.9% indicates an economic movement in accordance with the Japanese government's desire to achieve the inflation target.
The au Jibun Bank Japan Manufacturing PMI increased to 53.2 in March 2022 from a final 52.7 a month earlier, which was the weakest growth since last September, signalling a moderate improvement in the sector, amid declining Covid-19 infections, preliminary data showed. Output returned to expansion territory, albeit only marginally, while new order growth eased to the softest in six months, with slowing in new export order growth. Meanwhile, supplier delivery times lengthened to the greatest extent since April 2011, amid material shortages, notably semiconductors. Purchasing activity growth accelerated, while the rate of job creation slowed, with the rate of backlog accumulation softened. On the price side, input price inflation accelerated to the fastest since August 2008, due to higher energy, oil and semiconductor prices. As a result, output price inflation accelerated. Finally, business confidence remained positive. source: Markit Economics
EURJPY | Perspective for the new weekFollowing the strong bullish momentum identified on the daily time frame, and considering the reversal structure noticed on the daily time frame it appears that we are on a verge of a retracement phase which could probably tend towards between 50 to 78.6% retracement of the impulse leg from a long term perspective.
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EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY | IMPORTANT LEVELS AHEADEURJPY has been trading in a bullish parallel channel and current price is trading at important support level of channel. On shorter term, this is the sideways before the next move;
a) A bullish breakout from the recent high will calls for long position.
b) The sideways move will likely to be distribution and price will fall from here 134.800 level.
Trade your levels accordingly.
EUR/JPY Running In 100 Pips , New Entry Point To Get 500 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
One Of The Best Places To Can Sell EUR/JPY With 300 Pips TargetThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPYEURJPY has been respecting the supply zone it formed on the 1hr tf. My bias for this pair is that I am expecting it to continue with its short term pull back until the 45min/1hr demand zone where depending on how price reacts I will be looking to take on long positions back to the upside. There is also a 15min OrderBlock right below the 45min/1hr demand, however, the 45min/1hr zone looks more promising for potential entries for long positions. Do your due diligence first.