Okay, EUR and JPY : the pair : EURJPY. How to trade ?.
This week, BOJ Meeting is the main risk event impacting on Yen. I expect BOJ will extend stimulus.
Hence, Yen trade likely is SELL.
I also expect EUR fall.
Between EUR and JPY, I choose JPY, because this week is the week of Yen.
Last week, EURJPY bounced from the 3 year low at 126
I think this key support will hold E/J above it.
A bigger picture, a channel is capturing EURJPY. From the bottom of channel, E/J bounces.
I expect EURJPY extends the rallly to 132, Buy limi at 127 is a good option.
This week, BOJ Meeting is the main risk event impacting on Yen. I expect BOJ will extend stimulus.
Hence, Yen trade likely is SELL.
I also expect EUR fall.
Between EUR and JPY, I choose JPY, because this week is the week of Yen.
Last week, EURJPY bounced from the 3 year low at 126
I think this key support will hold E/J above it.
A bigger picture, a channel is capturing EURJPY. From the bottom of channel, E/J bounces.
I expect EURJPY extends the rallly to 132, Buy limi at 127 is a good option.
