Trade ideas for EUR/JPY

Trade ideas for EUR/JPY

Information is not investment advice

EUR/JPY is correcting up. There’s a bullish impulse on H4. However, the overall trend remains bearish. Moving averages are in a negative position. As a result, we think about selling the pair on rallies.

The upcoming events will surely bring volatility: the euro area will release flash CPI figures at 12:00 MT time today. In addition, the European Central Bank will meet on Thursday. All in all, the euro area has a lot of economic and political problems and is vulnerable to China’s economic slowdown, so we don’t think that the euro will be able to reverse to the upside.

EURJPY 04.png

Similar

Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

EUR/GBP is finally correcting

EUR/GBP may be about to make a bigger downside correction. The pair closed yesterday below the August support line and slipped below the weekly pivot point at 0.9250.

Popular

Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

Choose your payment system