# EURJPY Head and Shoulders (May 25, 2015) Source: https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/ Language: en Updated: 2015-05-25 Description: Explore EURJPY Head and Shoulders (May 25, 2015). EURJPY could be. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EURJPY could be in for a reversal from its uptrend, as price formed a head and shoulders pattern on its 4-hour time frame. The pair is already testing the neckline support at the 134.00 major psychological mark and might be due for a break lower since stochastic is still pointing down, reflecting that sellers have enough energy to push for a break lower. The chart pattern is around 300 pips in height, which means that the resulting selloff could be of the same size. Sustained selling momentum could even take price down to the area of interest at 128.00. Price is also breaking below the long-term exponential moving average support, an early signal that a reversal is taking place. The short-term EMA looks ready to cross below the long-term EMA, which would confirm the downtrend. From there, the moving averages might hold as dynamic resistance levels in market pullbacks. On the other hand, if the neckline or EMA holds as support, price could still bounce back up to the previous highs around 137.00. The path of least resistance is to the downside though since the Greek debt situation has been weighing on the shared currency. Although Greece has been able to meet its debt payments this month, it faces another set of loan obligations in June and might not be able to secure enough cash in time. With that, the prospect of a default and a potential euro zone exit has been raised once more, also sparking talks of debt contagion in the region. ![EURJPY Head and Shoulders (May 25, 2015)] Meanwhile, the yen drew some support from a relatively upbeat BOJ statement last week. The central bank refrained from altering monetary policy, with one member even voting to taper asset purchases. BOJ policymakers also upgraded their outlook for household spending and housing investment, suggesting that there might be no need to increase stimulus again. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/#primary", "url": "https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/", "headline": "EURJPY Head and Shoulders (May 25, 2015)", "inLanguage": "en", "datePublished": "2015-05-25T07:28:51+00:00", "dateModified": "2015-05-25T07:28:51+00:00", "articleSection": "Market Info", "description": "Explore EURJPY Head and Shoulders (May 25, 2015). EURJPY could be. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding.", "image": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/og-default.png" }, "author": { "@type": "Organization", "@id": "https://www.tradersway.com/#organization" }, "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": [ "Organization", "FinancialService" ], "@id": "https://www.tradersway.com/#organization", "name": "Trader's Way", "alternateName": "TradersWay", "legalName": "TW Corp LLC", "description": "Trader's Way is the trading brand of TW Corp LLC, a company registered in Anguilla under number A000001731. It provides online leveraged trading in forex, metals, energies, stock indices and cryptocurrencies through MetaTrader 4, MetaTrader 5 and cTrader, with Market execution, a 40% stop out level and a minimum initial deposit of 10 USD. The company holds no financial services licence and does not direct its services to residents of the United States or the United Kingdom.", "url": "https://www.tradersway.com", "foundingDate": "2011", "logo": { "@type": "ImageObject", "url": "https://www.tradersway.com/wp-content/themes/tradersway/images/logo-square-512.png" }, "address": { "@type": "PostalAddress", "streetAddress": "No. 9 Cassius Webster Building, Grace Complex", "postOfficeBoxNumber": "1330", "addressLocality": "The Valley", "postalCode": "AI-2640", "addressCountry": "AI" }, "contactPoint": { "@type": "ContactPoint", "contactType": "customer support", "email": "support@tradersway.com" }, "areaServed": "Worldwide, excluding the United States and the United Kingdom", "knowsAbout": [ "Foreign exchange trading", "Contracts for difference", "Leveraged trading", "Precious metals trading", "Energy commodities trading", "Stock index trading", "Cryptocurrency trading", "MetaTrader 4", "MetaTrader 5", "cTrader" ], "sameAs": [ "https://www.trustpilot.com/review/www.tradersway.com", "https://www.forexpeacearmy.com/forex-reviews/8129/tradersway-forex-brokers", "https://www.youtube.com/c/tradersway" ], "identifier": { "@type": "PropertyValue", "propertyID": "Anguilla company registration number", "value": "A000001731" }, "location": { "@type": "Place", "address": { "@type": "PostalAddress", "streetAddress": "Radnicka 147", "addressLocality": "Valjevo", "postalCode": "14000", "addressCountry": "RS" } } }, { "@type": "WebSite", "@id": "https://www.tradersway.com/#website", "url": "https://www.tradersway.com", "name": "Trader's Way", "publisher": { "@id": "https://www.tradersway.com/#organization" } }, { "@type": "BreadcrumbList", "@id": "https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://www.tradersway.com/" }, { "@type": "ListItem", "position": 2, "name": "Resources", "item": "https://www.tradersway.com/resources/" }, { "@type": "ListItem", "position": 3, "name": "Market Info", "item": "https://www.tradersway.com/resources/market-info/" }, { "@type": "ListItem", "position": 4, "name": "EURJPY Head and Shoulders (May 25, 2015)", "item": "https://www.tradersway.com/resources/market-info/eurjpy-head-and-shoulders-may-25-2015/" } ] } ] } ``` ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Person", "@id": "https://www.tradersway.com/#wayne-mcdonell", "name": "Wayne McDonell", "jobTitle": "Chief FX Strategist", "description": "Chief FX Strategist at Trader's Way, trading forex publicly since 2004. His analysis has appeared in the Wall Street Journal, Bloomberg Television, Fox Business, Futures Magazine and FOREX Journal Magazine. Author of \"Strategic and Tactical Forex Trading\".", "worksFor": { "@id": "https://www.tradersway.com/#organization" }, "knowsAbout": [ "Foreign exchange market", "Technical analysis", "Fundamental analysis", "Forex trading strategy" ], "sameAs": [ "https://www.youtube.com/c/tradersway" ] }, { "@id": "https://www.tradersway.com/#organization", "employee": { "@id": "https://www.tradersway.com/#wayne-mcdonell" } } ] } ```