Get started

Eurjpyanalysis

EURJPY - CONSOLIDATING AT KEY SUPPORT WITH BULLISH POTENTIALSymbol - EURJPY CMP - 156.50 EURJPY continues to consolidate near an important support zone. The support level marked on the chart has acted as a solid base for price action, offering stability to the currency pair and providing key support for the consolidation. At the current market price, EURJPY presents a good opportunity for traders looking to enter long positions. The price is well-positioned for potential upward movement, making it an ideal entry point for those anticipating a bullish trend. Moreover, the ongoing downtrend in the US dollar is likely to provide additional support for the Euro, further reinforcing the bullish potential for the pair. However, it is essential to keep an eye on price action near support zone. A breakdown below 154.80 area could signal increased selling pressure, and a sustained move below the 154.50 level would confirm a shift from a bullish to a bearish market structure. In such a scenario, a retest of the breakdown zone could provide a viable opportunity for short positions. On the other hand, if EURJPY maintains its recovery, we could see a push toward the 158 and 160.85 levels, which represent significant resistance areas. A successful breakout above 161.00 levels would confirm trend reversal and potentially signal further upward momentum. Key Resistance Levels: 158.00, 160.85 Key Support Levels: 156.00, 155.20
Long
by akshit_official
EURJPY - TRADING AT DEMAND ZONESymbol - EURJPY EURJPY is currently trading within a important support zone. This level has acted as a solid base for price action, offering stability to the currency pair and providing key support for the ongoing trend. At current market price (CMP 156.50), EURJPY presents a promising opportunity to initiate long positions. The current price level aligns well for potential upward movement, making it a favorable entry point for traders looking to take advantage of the prevailing trend. However, it is crucial to monitor certain levels for any signs of trend reversal. A breakdown below the 155.25 area could trigger additional selling pressure, and a sustained move below 155.00 would confirm a shift from a bullish to a bearish market structure. In such a case, a retest of the breakdown zone could offer a good opportunity for short positions. Conversely, if EURJPY continues to recover, we could see a push toward the 158.67 and 160.85 levels, which represent key resistance areas. A successful breakout above these levels would likely signal the continuation of the bullish trend, suggesting further upward momentum. Key Resistance Levels: 158.70, 159.90, 160.85 Key Support Levels: 156.00, 155.25
Long
by akshit_official
11
EURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDEURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
2
EURJPY SHOWING A GOOD UPWARDMOVE WITH 1:10 RISK REWARD EURJPY SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
EURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARDEURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trad
Long
by tradergyan01
EURJPY SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD EURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you
Short
by tradergyan01
2
EURJPY | Good Buy Opportunity. Hurry Up!When it comes to the technical analysis of EURJPY , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard
EURJPYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks...EJ closed for 1 month and 1 week below 132,500 and even if maybe it will go up 100-120 pips, I expect that in the next period it will reach the level of 618 Fibonacci 129,034 and then go down to the final target proposed for a few weeks ... 125,300 THIS WEEK...EJ went down faster than I expected and closed below the Fibonacci 618 level for 1 week which means that ... even if it goes up 50-80 pips because the pressure is very high, I will look for SELL up to 126,500 or even 125,300 ... my final target for the last few months NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
EURJPYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks...EJ closed for 1 month and 1 week below 132,500 and even if maybe it will go up 100-120 pips, I expect that in the next period it will reach the level of 618 Fibonacci 129,034 and then go down to the final target proposed for a few weeks ... 125,300 THIS WEEK...EJ reached the area 129,034 as I said last weeks from where it rejected and closed over the Fibonacci area 786 for the 3rd week in a row! in the next period I expect to make a range between the areas 129,500-130,700 and I will expect a break of this range and closing above or below these values on the 1 week chart NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
EURJPYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks...as I said last week EJ will make a 150 pips retracement move ... only the move was bigger and more aggressive than I expected! Now it has re-entered a very difficult area where anything is possible ... my recommendation is to wait to close for 1 month and see where it closes and what the trend will be for July! if it closes over 132,500 then I think it will retest the area 134 or even higher towards 136. if it closes below this area ... it will retest the Fibonacci area 618 and then even 0.5 THIS WEEK...EJ closed for 1 month and 1 week below 132,500 and even if maybe it will go up 100-120 pips, I expect that in the next period it will reach the level of 618 Fibonacci 129,034 and then go down to the final target proposed for a few weeks ... 125,300 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
EURJPYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks...EJ has already made 300 pips out of the 500 I was telling you about and even if it rejects 100-150 and has a range in this area, the final target for the next period is the 129,100 area (Fibonacci 618 for 1 month and from there ... we will reanalyze the whole situation THIS WEEK...as I said last week EJ will make a 150 pips retracement move ... only the move was bigger and more aggressive than I expected! Now it has re-entered a very difficult area where anything is possible ... my recommendation is to wait to close for 1 month and see where it closes and what the trend will be for July! if it closes over 132,500 then I think it will retest the area 134 or even higher towards 136. if it closes below this area ... it will retest the Fibonacci area 618 and then even 0.5 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS