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Eurjpyprediction

EurJpy- Short term and medium term trading opportunitiesA few days ago I've written that EurJpy could resume its up move. Indeed, after the confirmation of 146.50 as strong support, the pair started to rise and reached 149.50. At this moment bulls look tired and in need of a correction, and this could provide short-term traders the opportunity to trade on the sell side. As long as 149.50 is intact there are high chances of a drop and the pair could dive 100+ pips. On the other hand, for swing traders, this correction could be an opportunity to join the long term trend at a better price and target, as explained in my previous analysis, 151 recent high.
by Mihai_Iacob
24
EURJPY: Entry for seller!Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
Short
by Sphyn-Trader
2
EURJPY shorts on Global Macro expectations The reasons that back my case are simple. First of all, we need to take into consideration that Yen is a high risk off asset, with yen longs taking place whenever there is a big uncertainty in the world, or a black swan event unfolding. If you believe that a big crisis is yet about to be seen then you need to consider shorting EURJPY , I personally do for the reasons below. Yen Long Factors -New Governor UEDA taking head and within the next meeting of 28th of April along with market expectations Yen is expected to appreciate on expectations that the bank will widen the Yield curve band or even will take it off. Any positive tone on Interest rates will be considered at the meeting as well. -Sharp decreases in headline inflation such as the one from 6 down to 5% are signs of a big incoming crisis. Usually, when we run into recession, inflation is drastically moving to the downside, this drugs US Yields lower on expectations for more rate cuts taking place from FED this year. -U.S. NFIB Small Business Optimism showing a bleak picture. Even though this indicator is considered a 1-star indicator from calendar news, it is the omen of the US unemployment rates and Jobless claims climbing up while US NFP and Jolts data moving lower. So on the aggregate, it is the first sign before US Labor data start showing a very bad picture. EUR Short Factors -EUR Large Speculators are overbought on EUR across the board and this shows that if and when they are about to unfold their positions we are going to see a big short playing on EURO , it just needs a big catalyst to take place for them to follow through.
Short
by Investing_Bridge
18
EURJPY SELLWelcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first stage. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
14
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can sell at 140.10 level before buying. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall