Eurjpy Short

FX:EURJPY   Euro / Japanese Yen
105 2 2
Euro             falls tomorrow after ECB rate cut.

Yen is at bottom of range and should strengthen until the end of the week.

and how would you know that? just based on the RSI? it's been 2 days am waiting for this pullback, thought it would happen yesterday as it is modest compare to the bullish reversal. all studies flashing major divergence and yet what does the pair do? goes a little down and then back up right where it started! gbpjpy moved back up a lot more. so studies alone is not saying much. therefore i have to ask you: do you have order flow information?
Banker928 isomorph
yen has been weakening on the back of good global growth data last week and this week. Also plans for huge japanese pensions to begin buying foreign assets has played a part in weakening it as well. Positioning in yen right now is going to make it hard for it to continue weakening much more, especially without further ques from the BOJ regarding additional stimulus. Thats why I am thinking Yen will gain some ground back over the next few days.
-1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out