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Next target lower for EUR/JPY below trendline

AdamFx42 Posted 13 Oct. as Analysis on EUR/JPY, Target: 134.3300, Date: 1st of December, 12:00 GMT  in #Technical analysis #EUR/JPY #Trendline #Fibonacci Expansion #Fibonacci Retracement #Bearish Candle Pattern
Eur/Jpy is on the way down,
on the weekly chart we see a formation of three bearish candles indicating a further move down
The pair has broken through the 61.8% retracement level of the last weekly move up,
and has taken out the 61.8% fibonacci expansion level of last move down
A lower trendline will probably be broken by this price action,
leading the price further down to the 76.4% fibonacci retracement level
Eur/Jpy weekly chart
On the daily chart we see the price action as I believe it will …
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EUR/JPY in a weekly bearish wedge pattern

AdamFx42 Posted 18 Aug. as Analysis on EUR/JPY, Target: 135.6600, Date: 1st of October, 12:00 GMT  in #Technical analysis #EUR/JPY #Fibonacci Expansion #Strong Support #Bearish Wedge Pattern
Eur/Jpy is currently stuck in a bearish wedge pattern that is about to draw to an end,
the breakout should be to the downside from this technical pattern:
on the weekly chart we can clearly see the wedge pattern,
which is pointing down - therefore bearish:
Eur/Jpy weekly chart
On the daily chart there is also a closer trendline down to be seen,
and the last two fibonacci expansion levels 61.8% of those last two moves down
are very close together, making for a support area,
which could lead to a …
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3 Comments
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AdamFx42 3 Sep.

Top border has held the price below it, and move down again within the weekly wedge is still posible,
target still valid

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AdamFx42 6 Sep.

Move to lower border is on and price is now just 50 pips from target

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AdamFx42 11 Sep.

Price has moved up now to top of weekly channel border,
lets see if it turns down again - could be a fast run down

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Easy analysis on EUR/JPY as a strong move up

AdamFx42 Posted 15 Dec. as Analysis on EUR/JPY, Target: 148.0000, Date: 3rd of February, 12:00 GMT  in #Technical analysis #EUR/JPY #Bullish #Weekly Candles #Fib Expansion Target
This is one of the easiest technical analysis' that I have had in a long while
Just look at the charts below and you will see what I mean
With the Fed almost certain to Taper next week
and the BOJ almost certain to need more easing next year, the path up is still solid for this pair
as a stronger Usd/Jpy will push the crosses up too
Technically, there is almost solely the obvious to see, let us start with the daily chart:
Look at that: A bullish channel right out of the tekstbook, supported by …
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2 Comments
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AdamFx42 29 Dec.

Still moving up within the channel - 145 has been broken now

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AdamFx42 4 Jan.

retracement to 142 seems done now - if Usd/Jpy continues back up, this pair will follow

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EURo strength growing in September

AdamFx42 Posted 25 Aug. as Analysis on EUR/JPY, Target: 133.7000, Date: 1st of October, 12:00 GMT  in #Technical analysis #EUR/JPY #Daily #Weekly #Bullish Channel #Rsi Bullish #Macd Crossover Bullish
As the Euro is improving against the dollar, the strong resistence at 1.34 is expected to break any time soon;Eur/Jpy should be in line with this trend too, and improve.We can find signs supporting this on the weekly and daily timeframes:On the weekly timeframe we find a rising trendline, and a bullish channel,the RSI is around 60 - which is an excellent indicator of further strength,and also supporting the continuation of the pair remaining in the upward channelis the Fibonacci expansion of the…
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AdamFx42 18 Sep.

Need another 100 pips up to get close

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AdamFx42 19 Sep.

Target hit - now we need consilidation around resistence here

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AdamFx42 25 Sep.

Looking good, if we can hold around here below strong resistence I should get this one right on

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AdamFx42 30 Sep.

Exciting stuff on the last day - I need 50 pips up to be spot-on...

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AdamFx42 30 Sep.

Resistence around 133.7 should hold any move up

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EUR/JPY showing signs of following Fibonacci

AdamFx42 Posted 18 Apr. as Analysis on EUR/JPY, Target: 135.5503, Date: 3rd of June, 12:00 GMT  in #Technical analysis #EUR/JPY
Euro/Jpy is still within the range of following a Fibonacci extension of the latest move up -- target in june I believe will be the 61.8 extension, judging by the weekly chart:The pair is bullish as can be seen in the indicators, as well as fundamentally == the situation in Japan will undoubtedly lead to a further sell-off of the JpyOn the daily chart we can see the forming of a look-alike/starting bullish flag pattern, which, if broken to the upside will have the same target as weekly analysis:…
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AdamFx42 19 May

Euro will need to strengthen against dollar coming 2 weeks to challenge upside of the cone

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AdamFx42 21 May

If usd holds bullish against the yen and eur/usd stays bullish we should move to 133 and above this week

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AdamFx42 24 May

Eur/jpy has retraced together with usd/jpy this week, but looks like holding around 1.31 - next week should move up again

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AdamFx42 30 May

As usd bulls fail this week, and yen crosses sit with it - I expect that we will end up around 1.32 now

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HelgaPehkel 16 June

I think that the Fibonacci often does not work((

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