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Eurjpyshort

EURJPY soon sellEUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis as well the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013.
Short
by boskopikica
1
Possible short on EURJPYHi! This is my first post, and do let me know if you think I'm wrong on any of this. As we can see on the RSI indicator, EJ pair is curently very overbought. Furthermore, we're facing a probability of a double doji close on 1h chart. Currently, EJ seems very exhausted, and to me it seems like it is only a matter of time before it tests resistance at TP1 and TP2. Whatever happends after, I do not know. If you read this, please flame me in the comments, but do give a like (I really want to be able to use the chat function :)) Good luck!
Short
by kamildx4
1
EURJPY sellCommenting on the Bank of Japan’s (BoJ) policy outlook under the new Governorship this Monday, Japanese Cabinet Secretary Hirokazu Matsuno noted that “I expect the Bank of Japan will implement appropriate monetary policy in collaboration with the government.” Further, when asked about China's military drills around Taiwan, Matsuno said that “we are keeping a close eye on the situation.” The new BoJ Governor Kazuo Ueda is likely to hold his inaugural press conference on Monday at 10:15 GMT.
Short
by boskopikica
1
A 1,000 Pip+ Move On The Cards ???Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. On the Monthly charts we are at a long term SUPPLY/SELL zone and the weekly charts is showing us that this area is getting respected with the sideways distribution period that has been in play most of this year indicating buyers are getting exhausted and sellers are positioning themselves to turn the tide downwards. One thing I notice is the gap up on the weekly charts at the beginning of this week/month this is a good indication that we should be looking to sell this pair very soon because the GAP is occurring at long term SUPPLY/SELL zone at the top of a move this is a sign of buying exhaustion. Hence I will start looking for SELL signals on the 8hr to Daily chart using my TRFX king indicator first easy target for this pair should be the bottom of the distribution zone that I have marked in green where we will likely get a reaction upwards before moving downwards towards 133. This is a long term swing play and may take a while to work out though the indications are looking very clear that we will be moving down off course a clear break and close above the Monthly SUPPLY/SELL zone will invalidate this position.
Short
by TheFxAce
4