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Eurjpylongterm

ORBEX: EURJPY - Successful Zig-Zag Could Validate ReversalIt looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y potentially ending near 116.76, where the 78.6% FR of the minute impulse is. In case it turns up sooner, we should be looking that happening from next week onwards, if not today, Friday. The current structure suggests that once this correction is done with, prices could continue up and end complete the 5-wave minute impulse at the 1.618% FE, where minor 1 is likely to form a corrective pullback pattern. We could look for short-term sells and then a reversal to follow the motive minute wave iii. Invalid below 115.88 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
Bullish bias domination,The EURJPY pair formed new bullish channel recently to confirm the affection by the bullish bias domination, while the main support line consolidation at 128.65 besides the price stability above 38.2% Fibonacci correction level at 128.85 reinforce the continuation of the positivity, to expect targeting 129.65 followed by 130.20 levels in the near term period. Stochastic success to reach the overbought areas agrees the bullish overview by providing the required positive momentum to resume the suggested targets. Currency Pair: EURJPY 0.10% 0.09% BUY Limit Entry Price:1.29300 Take Profit:1.30200 Stop Loss:1.29300 Capital Risk:500USD(amount may vary depending on your account size and risk tolerance) Potential Reward: 500USD Risk/Reward: 1:1
Long
by CFACharterHolder
1
EUR/JPY BullishFundamental data of Japan are still weak applying QQE for years. BOJ has to keep loose monetary policy, hoping everything may get better. Even worse, birth rate of Japan shrinking year by year, aging society cannot be ignored when we do fundamental analyse. Under such circumstances, low unemployment rate is not as good as it shows. The main problem of Japan is inflation rate, which has been below 1% for about 6 months. Euro area unemployment rate is declining, inflation rate reached 2%. Obviously, the economic in Euro-zone is getting better. ECB planning to reverse QE step by step, and after that, increasing interest rate will be discussed. Because strong Euro will affect DXY, which may support JPY goes up, it is not suggested to trade USD/JPY in a long run. Strong Euro and weak JPY may be a better pair to trade. It may be bullish for approximately 2 months.
Long
by AshleyLian
Short EURJPY Longterm Based on 30M + 4H ChartsWe saw a bullish EMA crossover (Golden Cross) occur on the 26th of April 2017 on the 4H chart and price has respected this crossover and has been riding above it, making higher highs. However, in recent weeks we've seen progression slow down and we have made our first Lower High as the uptrend begins to curve round to the downside. Price has also fallen below the EMA50 and is heading towards our first price target of 123.158 which would make it's first Lower Low. On the 30M chart we can see the EMA50 has now crossed below the EMA200 (Death Cross) and with strong divergence to the downside, this would support our decision to short the EURJPY pair. Place your stop at 124.695 and price targets of 123.158 but we're not setting a TP, we will let this run and adjust our stop accordingly to secure profits. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
6
EURJPY Uptrend Start, or retracement for downtrend continuationNot a setup, but a downtrend continuation prediction is what I have in mind. Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to, while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start. Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
Short
by YardleyRosette
EURJPY Regaining strength on Support?Here we have EURJPY hitting a very major Support line . How major? 2010 High 2012 Low And now we have finally come back to test it in 2016 . Of course the EU Referendum is having a Major impact on this pair, hence its continuous decline in the coming months. But I believe that history will have an impact on this pair and it will climb its way back up to Oct 2015 lows very gradually . The pair seems to have been exhausted from a -28c drop and then a -38c drop which is quite sharp for a few months. This trade is more for swing traders who are wiling to leave it in trade for a few months. Im planning to hold it for a while, with trailing stop losses . For more conservative day traders I suggest trading on breakouts of the trend lines. As always the markets dictates its own future and a break below the Support line could indicate a further plunge!! Also please be aware that I have used an Angle Trend Line which may move its place and be out of position if you move the chart. To fix this move the chart slightly until the trend lines line up with the top of the candle bars.
Long
by moemia