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Eurjpydailyforecast

EURJPY - SHORT; SELL the Monthly Resistance here! ......despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ. Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away. Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
Short
by Nemo_Confidat
88
EURJPY possible bullish target 127.90professionals increased 5% short jpy by last week. Commercials increased 1% long positions as well. Net Impact of 6% short in jpy. one & five year bullish extreme jpy as well. 17th January weekly bar is key reversal bar made a new low closed off the high. 24th weekly bar is Insurance bar dictating continuation bullish rally.
Long
by PyramidFx
11

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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