On EURJPY, I predict a decline towards 146, where we have a strong demand zone. After the sixth confirmed touch of a bearish trendline around 149, the price has resumed its descent. There is an expectation of a weak euro and a strong USD in anticipation of the congress, while the yen tends to strengthen in times of danger as it is considered a second safe-haven currency.
Let me know what you think.
Happy trading to everyone.
Let me know what you think.
Happy trading to everyone.
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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.