EUR/JPY Articles

EUR/JPY Hammer for upside to 123.500

EUR/JPY 1-hour downtrend could now be over with huge spike in volume but no follow through absorbing selling pressure. Bullish hammer also confirmed at double bottom support line on daily. A clean close above the trend line would be desirable for confirmation entry, but an optimal signal can also be…
October 28th

EUR/JPY Bullish Bounce off 61.8%

  EUR/JPY sold down into the 61.8% Fibonacci and buyers came in to support price at 123.160 zone which was prior resistance. EUR/JPY – Retest of 200 EMA to provide entry for long side with confirmation of bullish candle signal.   Key Points: Daily – Price above 200 EMA Daily…
October 5th

EURJPY Short Term Distributions Before breaking 2019 Highs

EURJPY bouncing off 126.750 highs of 2019. Intraday distribution to target the next key short-term levels before possible expansion. Key Points: Price well above the 200 EMA but looming to revert to the average. Price holding below 23.6 % Fibonacci from prior range (28th Aug Low to 31st Aug High)…
August 31st