Euro / Japanese Yen
Updated

How To Catch/Understand Impending Forex Reversals | EURJPY Today

215
For any Market to reverse its long term trajectory, you need to have a complete change in Market Mood / Sentiment.

This is becoming apparent on the EURJPY and other JPY pairs as prices/mood reverses.

A more hawkish JPY mixed with a more Dovish ECB, as well as other major economies may provide the means for a longer term reversal.

Potential for other measures incorped by the BOJ too.
Note
Real push across Yens. JPY strength coming from a potentially more hawkish BOJ.

snapshot

Support level being hit is OK. But any entries would be light.
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.