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EUR/JPY:SWING 61.8% FIBO OPPORTUNITY|DOWNTREND|SHORT SETUP 🔔The forecast for the EUR/JPY remains bearish after the reversal failed to gather steam. While the Kijun-sen remains flat, the Tenkan-sen extends its descend. The Ichimoku Kinko Hyo Cloud shows signs of increasing bearish pressures, suggesting more medium-term downside potential. Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
5
EURJPY "potentially" forming false trnedline breakout....Alright so, you'll see I have two red zones drawn, I am bullish on this pair but I'm not sold on the idea it is ready to pump 150+ pips upwards yet. This is a riskier sell potential so it's best to wait for the confirmations. Right now a position is being built at 130.20. The question is...is this position going to be truly bullish or is it a manipulation move to entice people long? That I don't know yet. I look for trap/manipulation setups so i'm analyzing based on what I'd like to see. I'd like to see price break the tiny bearish trendline, and spike above atleast one of the swing points within the trendline, best case scenario is we break just above march's high. If price breaks above one of those, and we get a BULLISH engulfing, that gets reversed on, I will start looking for shorts to 129.20 That will confirm enough for me that they pulled liquidity above the march high, and we should see a sell off. Just watching for now. Let's Elevate, -Gio
by elevatedinvestor
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=118.55. TP4: R2=118.8. Set the stoploss of these orders at breakout of S2=117.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.5. In this situation, there is an expectation to reach the target S3=116.6. Set the stoploss of reverse orders at breakout of S1=117.75. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
4
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2. In this situation, there is an expectation to reach the target S3=119. Set the stoploss of reverse orders at breakout of S1=120.75. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2. In this situation, there is an expectation to reach the target S3=119. Set the stoploss of reverse orders at breakout of S1=120.75. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123.1. TP4: R2=123.6. Set the stoploss of these orders at breakout of S2=122.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=122.1. In this situation, there is an expectation to reach the target S3=121.1. Set the stoploss of reverse orders at breakout of S1=122.45. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123.1. TP4: R2=123.6. Set the stoploss of these orders at breakout of S2=122.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=122.1. In this situation, there is an expectation to reach the target S3=121.1. Set the stoploss of reverse orders at breakout of S1=122.45. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
6
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=126.3. TP4: R2=126.5. Set the stoploss of these orders at breakout of S2=125.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=125.65. In this situation, there is an expectation to reach the target S3=124.8. Set the stoploss of reverse orders at breakout of S1=125.85. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=126.3. TP4: R2=126.5. Set the stoploss of these orders at breakout of S2=125.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=125.65. In this situation, there is an expectation to reach the target S3=124.8. Set the stoploss of reverse orders at breakout of S1=125.85. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (125.85). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 126.34 TP2= @ 126.75 TP3= @ 127.50 SL= @ 125.65
Long
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=123.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=124.55. TP4: R2=125. Set the stoploss of these orders at breakout of S2=123.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.65. In this situation, there is an expectation to reach the target S3=122.8. Set the stoploss of reverse orders at breakout of S1=123.8. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=125. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=124.25. TP4: S2=123.85. Set the stoploss of these orders at breakout of R2=125.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=125.2. In this situation, there is an expectation to reach the target R3=126.1. Set the stoploss of reverse orders at breakout of R1=125. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=125.5. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=124.4. TP4: S2=123.8. Set the stoploss of these orders at breakout of R2=125.7. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=125.7. In this situation, there is an expectation to reach the target R3=126.6. Set the stoploss of reverse orders at breakout of R1=125.5. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125.85. TP4: R2=126.1. Set the stoploss of these orders at breakout of S2=124.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=124.95. In this situation, there is an expectation to reach the target S3=124. Set the stoploss of reverse orders at breakout of S1=125.2. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125.85. TP4: R2=126.1. Set the stoploss of these orders at breakout of S2=124.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=124.95. In this situation, there is an expectation to reach the target S3=124. Set the stoploss of reverse orders at breakout of S1=125.2. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
1
Bank of Japan continues to disappoint buyers of yenThe current week is extremely busy in terms of activity of the Central Banks. The Bank of Japan, the Fed, the Bank of England (not counting the meetings and decisions of less significant Central Banks such as the Bank of India) announce their decisions on the parameters of monetary policies. So far, everything passes without surprises. Initially, the Bank of Japan, and then the Fed, left the parameters unchanged. But if the dollar by and large ignored the results of FOMC meeting, then the reaction to the decision of the Bank of Japan was more aggressive. Therefore, let's talk in detail about this, as well as the prospects for the Japanese yen in this light. The Bank of Japan has traditionally left the parameters of monetary policy unchanged. What played a cruel joke with the yen. The fact is that many expected hints or direct indications of a gradual departure from the ultra-soft monetary policy in Japan. But this did not follow. The Bank of Japan once again confirmed adherence to ultra-low rates both in the short and long-term periods. That is, the basic reason for the weakening of the yen has not disappeared anywhere and does not plan to do so in the foreseeable future. At the same time, the consensus on the market is that the ECB will start raising rates in 2019. Thus, the fundamental basis contributes to the growth of the EURJPY pair. Moreover, the weakness of gold recently shows that the demand for safe heaven assets is weak, which means that this factor will not be able to support the Japanese yen, which is traditionally considered a safe haven in the foreign exchange market. Given that recent macroeconomic statistics also play against the yen (Japan's industrial production fell sharply in June: -2.1% at the forecast of -0.3%, and unemployment on the contrary grew 2.4% vs. the forecast of 2.3%), there is every reason to expect further growth of the EURJPY pair. The minimum growth targets for the pair are around 131.50-132.00, but it is possible that the euro will strengthen against the yen up to 135 in the foreseeable future. Our recommendations - buying a pair from the current prices.
Long
by Trade24Fx