EUR/JPY Anytime!

Up now that JPY selling has resumed. 117 next

Hey let's revive this thread. Morgan Stanley has a buy order on it right now with a target of 120. JPY bears are back in control with only minor "tweaks" to ECB euro-weakening programs. Makes sense for this cross to uptrend back to the mean of 120.

Here's my view on this pair, based on the daily charts. I am now long this pair with first targets at 117, but most targets at around 122. The stop is a bit below the lows of Sept 21st. I should have entered on Sept 28, on the break of the highs of Sept 27, but I wasn't monitoring this pair. I still see decent risk/reward for longs.

The price is likely to take out those short with stops above the highs of the big bearish Brexit daily bar, before deciding what to do with those long at or near the bottom of that same bar

Still long EUR/JPY. Have moved Stop-loss to entry price. Will revise when the week closes.

Just closed some of my longs on this pair for about 200pippos profit each. Rest remains on, with stops now at break-even.

EUR/JPY Broke The 24-Month Down Trendline from The November,2014 High with Advancing Momentum

http://fxmesh.com/mesh-gbpcad-eurjpy-scalps/


EURJPY longs 119.5/119.9 with target 120.3 tp 120.6

EURJPY hits targets.

Euros looking at this morning had a little pullback yesterday and this one looks like it could have a go at 12400

Do you trust volumes in forex ? Interesting how Volume Zones act as a resistance area right in the potential Distribution phase.

EURJPY
BUOVB at support
Long alert!!
GL all

Update : sellers reveal .



Bearish trend is not resumed . I'll stalk for the next move.

I just went long

I cant see the price breaking this support

GL all

Good Morning All, could someone explain why EUR became stronger than JPY yesterday?
I could assume reasonably that Trump's tax announcement will weaken JPY against dollar but why should it become weak against EUR?

Update :

Potential Entry for today or next week.

https://goo.gl/Y6jHI6

good luck

A change in daily trend? I see the buyers are coming, with resistence identified at 120. Support is around 119.8, which makes the current trading range of about 20 pips. The best opportunity is therefore at 119.8. The next best is after it break the 5 hours bear trend line, preferably after it test 120.

However, notice that this bull wave (which start from 119.3) is progressing with remarkably diminishing volume; there's still a chance that the daily bear will continue and re-test the key level at 118.5.

Price just broke 5 hours bear trend line, and also broke the resistance at 120. Bull wave confirmed. For now I'll move back to M1 timeframe, sit back and relax until the bear reaction finished, and then enjoy the ride up.

Bear reaction is starting now. Focus on buying opportunity after it ends, prefereably not more than 119.9. With bull wave about 20 pips (with great presssure/volume), 15-20 pips TP seem ok.

Bear wave is finished. I'm in. Now just sit tight and let the buyers do their works.