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benny_marshall
Apr 19, 2022 7:36 AM

EURJPY - FUNDAMENTAL AND TECHNICAL VIEW 

Euro Fx/Japanese YenFXCM

Description

- EUR FEATURE currently stands at 1.0806 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It remains at 0.00781 LEVEL. The EURJPY PRICE is based on DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.

- Currently the SENTIMENT of the OVERALL MARKET is RISK ON. Also the EQUITIES have become a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES are now showing a DOWN SIDE BIAS. Currently on the market is a RISK ON SENTIMENT. HIGH BEATA CURRENCIES UP MARKET RISK ON.

- The EURJPY PRICE can be DOWN to 136.707 LEVEL before UP. After that you can UP up to 140.500 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
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