EURJPY: Nice setup for next week

FX:EURJPY   Euro / Japanischer Yen
821 17
The pair inside a large corrective structure after the last big impulse down, in a smaller degree it is currently inside a descending channel and looking ready to break down which can be expected to occur either on Monday or Tuesday next week giving a nice opportunity to go short towards the impulse lows.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit http://www.thepiphunter.com and subscribe.
Kommentar: possibility for BO today
Looks like it broke to downside.
Hi pip, out of interest, what is your long term opinion on this pair, as I have a feeling this is one giant consolidation before a new bullish trend.
piphunters Gareth_Roberts
giant consolidation in which time frame?
Gareth_Roberts piphunters
I know there is another move lower, but I'm talking about the 4hr zoomed out a little, or am I looking at this all wrong?
piphunters Gareth_Roberts
It will go down big time I believe, first we will get a break down of around 200 pips on Tuesday probably to the recent lows and then we will see from there how it develops, a break below will be an impulse so we can't just go up yet but of course there is risk of a huge impulse to the upside too in this kind of structure but that will only be possible with a big fundamental news from BOJ so you can anticipate it somewhat.
+1 Antworten
piphunters piphunters
also the 4hr correction you are referring to will only last for a day maximum
Dhashah dhaane kamah tha thibalanee? EUR ge weakness ga tha noony JPY ge strength ga tha?
piphunters mujunaeem
JPY strength
+1 Antworten
mujunaeem piphunters
Do you think tomorrows Japan GDP data will reflect strong growth? Because if it doesnt that would weaken the Yen significantly. Reason I am asking is, there was the 4 billion Yen stimulus package also recently. Seems japan is concerned about slowed growth.
piphunters mujunaeem
local Japanese data hardly have any impact on JPY
+1 Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden