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Eurjpyselling

Today's Chart - EUR/JPY Today's Chart: :EUR/JPY ( HOURLY ) The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of 130.02. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY EUR/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra-day to mid-term positions in it. www.tradingsignalreviews.com
Short
by piponomics
4
EURJPY (RY) - Long&ShortHello! Definitely, there is the Global Downtrend! But to the end of this year, we have two variants. 1) Long - S/L131.000, T/P133.700-134.000 2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500 Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and Footprint, when combined with the Wave Theory! Because without the above methods, the wave analysis is incomplete and inaccurate. Best Regards! Powerful Traders.
Short
by POWERFUL_TRADERS
EUR/JPY short target in sight - close of 4H candle criticalUPDATE FROM YESTERDAYS TRADE: After the sell off this morning EUR/JPY is re testing its 4h trend line which came into play yesterday, fresh lows of 133.90 but failure to close at these levels show potential further downside to my target of 133.50. RSI is still holding its downwards trend, plus Ichimoku shows that we've had a cloud crossover as well as a TK crossover - both of which are pointing to further downside. Saying that I am skeptical about this signal as the Chickou-span still stays within price as well as being within the previous cloud (giving me the impression that price could potentially hold in this area), a clear close below the 4h trend line and a continuation of RSI/MACD showing further downside will encourage me that my target is still within range. A break into oversold territory will add further momentum to the downwards move, the close of this latest 4h candle will be critical again.
Short
by JoeNeilCarey
EUR/JPY further downside EUR/JPY has continued to sell off from 137.00 level, trade entry as a result of spinning top and bearish engulfing candle on 4H time frame, key levels such as 136.20's were also broken with ease. Was expecting an initial pull back at 136.20's to re-test 137.00 and to confirm trade entry at that level as shown by the arrows, instead a clear break took place and went on to push downwards with decisive price action on 4H chart. 134.50 has just been broken so now I believe profit target of 133.50 is very much attainable, correlating with previous support levels on the 11th of May and even further back - it also ties in with the 38% retrace from April swing lows to the recent 137.00 highs (4h) RSI continues to point downwards and clear trend has failed to be broken, looking for a retest of previous support level 134 and rebound for further confirmation of down trend continuation. A clear break of 133.50 would point to downside target of 133, relative to price action and RSI.
Short
by JoeNeilCarey
6
EURJPY SHORTPRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC TRENDLINE/RESISTANCE AND IT IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL WHICH IS MAKING THIS TARE A HIGH PORTABILITY WE COULD GET SOME DOWNSIDE PRESSURE. TARGET AT 126.000
Short
by remelthomas