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Eurjpyshort

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 Trade.Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry & took it + I was waiting for a second position as a continuation pattern since the price already reversed. Took the second position as a bearish flag. The third position was a bearish flag as well and took me out BE. Patience is key. #THEPRIMES
Short
by alex_k_95
EURJPY Trade.Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry & took it + I was waiting for a second position as a continuation pattern since the price already reversed. Took the second position as a bearish flag. The third position was a bearish flag as well and took me out BE. Patience is key. #THEPRIMES
Short
by alex_k_95
EURJPY - Bearish TrendBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai