> EUR/JPY trendbreak > break of structure > lower high/lower low sequence > POC above current levels > JPY ist generally getting stronger
Feel free to comment!
Meikel & Your Team WSI
Kommentar
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Reversal. JPY is being kept short due to the BOJs policy to keep rates low. We are closing this trade and are now long CHF/JPY and CAD/JPY. Manage your risk and good luck!
Quiet a reversal in the markets. We are now turning bullish CAD/JPY and CHF/JPY.
It seems like the fact that the BOJ is keeping rates artificially low is continueing to put pressure on JPY. We are out of this trade and entering a long CHF/JPY.
Verkaas
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SAME VIEW
Kingfluenx
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Great idea the yen has been the sluggish currency this year!.. ..the US dollar will get destroyed today 14:30 CAT !!… inflation is tamed below 0.4% … investors will shift to the yen !!….. the yen will come back stronger!.. EURJPY TARGET 109 and 125 … that’s forex taking place!!..
JoeChampion
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Great idea, we are bearish EURJPY too based on our recent idea. thank you for the confirmation!
WallStreetIntelligence
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@JoeChampion, Thanks for you comment. I agree, the probability that we are going to head lower during the next days is high.
It seems like the fact that the BOJ is keeping rates artificially low is continueing to put pressure on JPY. We are out of this trade and entering a long CHF/JPY.