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FX618Analysis

BEARISH VIEW INTACT! RISK OFF MOOD TO DRIVE EURJPY TO 125.400

Short
Euro / Japanese Yen (FX:EURJPY)  
FX618Analysis  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Fundamental Analysis EURJPY short WAR ukraine russia ecb euro safehaven Parallel Channel
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trendanalysis chartpattern fundamental eurjpy short war ukraine russia ecb euro safehaven parallelchannel
Bearish view still very much intact yet after EURO pushed up higher a few weeks ago, but clearly failed to break the descending channel's upper trendline. With the RUSSIA - UKRAINE crisis predicted to HIT the EUROZONE hard, we could see the safehaven currencies such as CHF, JPY & USD appreciate Vs the EURO. Based on this technical and fundamental analysis, we could see EURJPY steadily approach the 125.400 target area soon.

cheers

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