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EUR/JPY is currently riding down, but the important part is, we are definitely not in bearish trend, so we have to be careful not to go short unless it’s scalping. It’s good opportunity to go for long till 126 levels, if it’s below that then the trend might switch, but till that it’s good to buy till 128 levels.
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EUR/JPY has been going downhill since last few weeks, we completely believe there is a bullish trend hiding somewhere around, it’s good opportunity to go for long trade with stop loss at 120 since we strongly believe it should take recovery mode soon.
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We saw the week been in balance zone, but with major news coming in, it was EUR/JPY time to gain up and reach near 114 levels before the week ended out. Another wave could be waiting and 115 levels might soon be done.
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EUR/JPY was dipping heavily this week with coming to 112 levels, but the switch came quickly with major events piling up their weight and it’s likely to continue in with bullish trend, so good chance to have entry here.
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EUR/JPY picked in really dramatic fashion with the pair putting up nearly 300-400 pips and settling above 115 level at 115.37 level, it’s likely that we will see the pair climbing up to 116-117 in quick time during next week, but might just pull back a touch.
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EUR/JPY was bearish this week with the pair staying steady throughout yet was heavily bias towards bearish mark and is something we are likely to see continuing in week to come, so it’s interesting where things will head next, but there is enough to say we are in for bullish ride soon.
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Starting the week at 115.80 and ending the week at 117.42 with a gain of 1.40% was pretty impressive. Seems the moves were mostly from the JPY related which got battered in USD/JPY, though EURO’s strength was mixed across the board. So there was some consolation for Euro which did not do well against USD. What would be the next moves would be remains to be seen!
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A month of sharp declines for JPY and there seems to be no stopping but somewhere there might be some reversal. We have ECB and BoJ meeting in Dec in which traders would be looking for clues for further direction for this pair in the near term. Key elections in Eurozone would like to pressurize Euro and in a risk off mood, JPY stands to gain!
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Closing the week at 121.08 from 119.79 at the start was another gain for this pair. Now this was helped in other pairs & this pair caught in the cross-fire and yet managed to make gains for another week. But such one-sided moves can’t last long and there would be some decent re-tracements, more so if the safe haven Yen gets bids due to risk-off sentiments in the markets going into the month & year end and due to re-balancing of portfolios & positions!
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Joining the dots from 1.0451 via 1.0499 & 1.0353 to 1.0455 marked the Open, High, Low and Close (OHLC) for the week. Nice recovery from the lows with a nearly 150 pips upwards. Parity of the pair is turning out to elusive though many big players have been predicting it from nearly couple of years and every time when it looked they might achieve the target the price moved otherwise!
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EUR/JPY this week continued to push higher and is ranging around 122/123 mark, it eventually closed at 123.23 level and may see such trending continuing ahead, so still a good shot at long if there is a slight pullback.
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EUR/JPY has been dipping, but the trend still is calling for the bulls, it’s evident that the pair looks fairly stable and is likely to remain that way only throughout the week with no major event lined up either.
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EUR/JPY has been maintain very low levels this week so far, as we saw huge dip recently, it’s unlikely to recover much this week, so the go to scene is definitely short. However, we need to keep the timing right to be able to extract enough.
https://charts.mql5.com/14/105/eurjp...ex-group-2.png
EJ has been in bullish trend for last one week, it is in scenario that is all likely to continue in same fashion. However, it is the strength looks to be tired, it may pull in the bears, but for time being, it will be good chance to have a crack at long trade.
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This pair went very high to close the week, it has been working into bearish trend as the weakness in Euro was playing major part, but with the turn around that we have seen, it has really cause the pair to gain big time and has went high in big way.