EURJPY - Bullish Bias
EUR - BULLISH
1️⃣ The European Central Bank left monetary policy unchanged and maintained its pledge to increase support if needed.
2️⃣ Market participants see the next reassessment of the PEPP flows being in June, and the decision on what to do with the PEPP after March 2022 likely to be taken in September.
3️⃣ Optimism about an economic recovery continued to be supported by signs of an acceleration in the vaccination pace in Europe.
JPY - BEARISH
1️⃣ Rising US Treasury yields could undermine the safe-haven JPY.
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Technical
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- We are buying the EURJPY at RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The European Central Bank left monetary policy unchanged and maintained its pledge to increase support if needed.
2️⃣ Market participants see the next reassessment of the PEPP flows being in June, and the decision on what to do with the PEPP after March 2022 likely to be taken in September.
3️⃣ Optimism about an economic recovery continued to be supported by signs of an acceleration in the vaccination pace in Europe.
JPY - BEARISH
1️⃣ Rising US Treasury yields could undermine the safe-haven JPY.
=====
Technical
=====
- We are buying the EURJPY at RBS on the M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached
❌ TRADE HAS HIT STOP LOSS-20 PIPS
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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.