FOREX : EURJPY continuation for the down side
Updated
Hello Traders,
This paire is trending side way since while and it is about to break down.
I'm expecting that the market will open on a gap on price for the down side around 128,177.
At 00:50 GMT+1 the JPY GDP data will be relased, if good figers then the yen will give us good move this week.
If you found this idea useful please and comment,
This is not an investement advice, this is for educationnel purpose.
Best luck you all
This paire is trending side way since while and it is about to break down.
I'm expecting that the market will open on a gap on price for the down side around 128,177.
At 00:50 GMT+1 the JPY GDP data will be relased, if good figers then the yen will give us good move this week.
If you found this idea useful please and comment,
This is not an investement advice, this is for educationnel purpose.
Best luck you all
Note
Bad GDP figures, -0,6 % growth. It's below the BOJ forecast.
No wonder if we gona see weak Yen this week.
Note
One more up move to the top is expcted,We will be a seller from the top.
Note
Finally we got a strong sell on the eur/yen, but still need for a correction before we go for short,Tomorrow there is an ECB meeting, it is expected that they will keep the interest rate the same.
1st scenario, side way correction and break down.
Or
2nd scenario, expanding flat pattern and one more up move to the top.
Note
since a while the ECB meeting on interest rate decision is pushing the € down, we will be bearish tomorrow,Technically the rise on the € is correctively, sellers can reverse it back easily.
Note
Note
The market is behaving the way we went it to do,Strong sell on the EURJPY is going on right now,
We will hold our sell, 1st target at midd 127.
Note
Safe haven asset gained power today after industrial output and retail sales growth for the month of November that missed expectations, The world's second-largest economy has begun to show signs of slowing down.
Note
Trade closed: target reached
Note
It's highly likly that the bottom will hold and this small spick will grow and will give us new wave to th top.Will be focesing on other setups now, i'll update about eurjpy if i will see big changes.
Good luck !! you all
Trade closed: target reached
2nd target reached
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