MarketBreakdown | EURUSD, USDJPY, EURJPY, EURCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The price is still stuck on a major horizontal resistance cluster. There is a high chance that the price will drop from that, following a strong overbought condition. 2️⃣ #USDJPY…
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Savvy Trader’s USDJPY Update – Key Levels and EURJPY Timing Signal – Forex Trading Forum “> “> Source link
EUR/JPY trades near 170.00, its highest level since July 2024, on Friday. Soft Japanese data and steady BoJ stance undermine Yen demand. The euro remains firm despite a drop in Eurozone economic sentiment. The Euro (EUR) strengthens against the Japanese Yen (JPY) on Friday, with the EUR/JPY pair climbing toward levels not seen since July…
EUR/JPY trades near the 164.00 zone after a modest pullback ahead of the Asian session. Overall bias stays bullish, with trend indicators aligned to the upside. Support levels hold below while short-term indicators remain neutral. The EUR/JPY pair edged slightly lower on Friday but continues to trade near the 164.00 zone as the market transitions…
The EURJPY market previously rebounded off the technical support last Friday. The market, however, currently lurks below the 164.00 threshold. As a result, this pair trades below key technical landmarks which may limit additional price increases in subsequent sessions. Key Price Levels: Resistance Levels: 164.00, 166.00, 168.00 Support Levels: 163.00, 161.00, 158.00 EURJPY Bullish Momentum…
Over the recent past, the EURJPY market has recorded notable upside correction. However, the market has, as of today, seen a sharp downward retracement that brought the market below key technical levels. This seems to be the aftermath of the emergence of the seasonal EUR trade surplus, which arrived lower than the previous. Let’s take…
There was a 2nd bite of the cherry with the EurJpy rally to 162 but the UsdJpy could not maintain 150 and so now there will be trapped longs in both pairs who will try to manage their positions Sunday night. All I will say is “how is that working out for them?” Now for those…