EUR/JPY is hovering nearly to its trendline resistance level. Fundamentally EUR is under pressure except for rate-hiking optimism in 2023.
JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit.
So, EUR/JPY has chances to drop again.
EUR/JPY Sell Zone: 131.50 to 132.50
Stop Loss: 133.50
Target Zone 130.70
Target Zone 2: 129.50
JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit.
So, EUR/JPY has chances to drop again.
EUR/JPY Sell Zone: 131.50 to 132.50
Stop Loss: 133.50
Target Zone 130.70
Target Zone 2: 129.50
Trade closed: target reached
Target zone 1 reached +250 pips
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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.
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.