EURJPY - FUNDAMENTAL AND TECHNICAL VIEW
#EURJPY
- EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
- EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
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