Okay, EUR and JPY : the pair : EURJPY. How to trade ?.
This week, BOJ Meeting is the main risk event impacting on Yen. I expect BOJ will extend stimulus.
Hence, Yen trade likely is SELL.
I also expect EUR fall.
Between EUR and JPY, I choose JPY, because this week is the week of Yen.
Last week, EURJPY bounced from the 3 year low at 126
I think this key support will hold E/J above it.
A bigger picture, a channel is capturing EURJPY. From the bottom of channel, E/J bounces.
I expect EURJPY extends the rallly to 132, Buy limi at 127 is a good option.
This week, BOJ Meeting is the main risk event impacting on Yen. I expect BOJ will extend stimulus.
Hence, Yen trade likely is SELL.
I also expect EUR fall.
Between EUR and JPY, I choose JPY, because this week is the week of Yen.
Last week, EURJPY bounced from the 3 year low at 126
I think this key support will hold E/J above it.
A bigger picture, a channel is capturing EURJPY. From the bottom of channel, E/J bounces.
I expect EURJPY extends the rallly to 132, Buy limi at 127 is a good option.
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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.
Related publications
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.