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Eurjpyprediction

EURJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARDEURJPY SHOWING A GOOD DOWN MOVE WITH 1:8 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
Short
by tradergyan01
1
EURJPY - FALSE BREAKOUT HIGHLIGHTS RANGE-BOUND CONDITIONSSymbol - EURJPY The EURJPY currency pair is currently testing the upper boundary of its established trading range, indicative of a potential distribution phase. However, this attempt has culminated in a false breakout, with the price subsequently consolidating within the horizontal channel. Amid a weakening US dollar, the Japanese yen is exhibiting relative strength, exerting downward pressure on the EURJPY pair. Following a retest of the lower boundary of the range, the pair staged a false breakout above resistance, only to retreat back within the channel. This price action suggests a continuation of the distribution pattern, with resistance proving resilient. Currently, a base appears to be forming near the 163.20 level, which serves as a key support and potential trigger level. A sustained breakdown below this threshold, coupled with consolidation beneath it, may reinforce bearish momentum and pave the way for further downside movement. Key Resistance Levels: 163.40, 163.60 Key Support Levels: 163.20 (Sell trigger), 162.70 A decisive breach and stabilization below the 163.20 support level could act as a catalyst for an accelerated decline in the pair.
Short
by akshit_official
EURJPY - BREAKOUT ALERT - BULLS EYE HIGHER GROUNDSymbol - EURJPY CMP - 164.15 The EURJPY currency pair is advancing, supported by a strengthening US dollar and encouraging developments regarding the de-escalation of US-China trade tensions. This upward momentum has brought the pair to test the upper boundary of its recent trading range. Currently, the pair appears to be in the process of retesting a key resistance zone. A decisive breakout and sustained consolidation above the 164.19 - 164.50 range would reinforce the bullish outlook, particularly given the dollar's continued appreciation. The Japanese yen, in turn, is weakening in response to the improving geopolitical climate, further contributing to upward pressure on EURJPY. A confirmed move above this critical resistance level would indicate the completion of the consolidation phase and could initiate a distribution phase toward higher price targets. Key Resistance Levels: 164.19, 166.70 Key Support Levels: 163.15, 162.38 The price action has already entered the anticipated buying zone, suggesting a potential breach of resistance. Confirmation through consolidation above the 164.19 - 164.50 range would signal renewed bullish momentum, potentially paving the way for an advance toward the 166.70 level.
Long
by akshit_official
EUR/JPY 1H Chart Analysis –Bullish Rebound from Key Support Zone🔵 Trend & Structure: ⏫ Uptrend Channel (now broken) The price was moving in a rising channel. ❌ Breakdown from the channel shows loss of bullish momentum. 🟦 Key Zones: 🔷 RBS + RBR Zone (Strong Support) 🔽 Price is currently sitting on this zone. 📍Potential bounce area → watching for bullish reaction. 🟥 Resistance Zone (Short-term hurdle) 🔺 Might be retested before moving higher. 📘 Target Point: 163.911 🎯 Bullish move expected if price confirms bounce. 📈 Potential target marked with a clear label. 📉 EMA 70 (Red Line): ➖ Acting as resistance near 162.518 ⚠️ Price must close above this level for stronger bullish confirmation. 📌 Summary: ✅ Buy Zone: 162.000 – 162.200 (RBS + RBR) 🔁 Retest Zone: ~162.500 🎯 Target: 163.911 ⚠️ Watch for Rejection below EMA or resistance zone.
Long
by Jameshead007
EUR/JPY Short Setup – Bearish Reversal Targeting 161.134 with TiEMA 30 (red): Currently at 162.470 EMA 200 (blue): Currently at 162.071 Trade Setup: Entry Point: Around 162.978 Stop Loss: Slightly above 163.016 (highlighted in purple zone) Target (Take Profit): 161.134 (labeled as “EA TARGET POINT”) Analysis: Trend: The pair has been trending upwards recently, as shown by the price staying above the 200 EMA. Current Price: 162.604, just below the proposed entry. Risk/Reward: Risk: ~3.8 pips (entry to stop loss) Reward: ~184.4 pips (entry to target) This implies a favora
Short
by EA_GOLD_MAN_COPY_TRADE
EURJPY - FALSE BREAKOUT SETS THE STAGE FOR A POTENTIAL DROPSymbol - EURJPY CMP - 161.95 EURJPY is currently exhibiting a false breakdown of resistance, which signals the formation of a reversal pattern near the upper boundary of the descending price channel. Additionally, market pressure, influenced by the correction of the U.S. dollar, is contributing to this development. On the daily chart, the overall structure appears bearish. Following the false breakout of the major resistance, a correction is underway, during which the price may test the imbalance zone or the previously broken resistance before continuing its decline after liquidity is captured. The broader trend remains neutral, and in this context, it is prudent to focus on local support levels as potential targets. Resistance levels: Channel boundary, 162.30, 163.00 Support levels: 160.84, 158.90 A retest of the channel resistance or the range between 162.4 and 163.0 is possible. However, any movement of the price below the resistance of the descending channel, coupled with a consolidation in the selling zone, could trigger further downside movement.
Short
by akshit_official
4
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
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...as I was telling you last week, EJ rejected from the very strong resistance formed in the last 4-5 years and from the Fibonacci 786 area on the 1 month chart! From here ... I will only look for SELL for at least 400-500 pips until the first close even for 1 day over 134,050 THIS WEEK...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 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS