Petaryot

EURJPY - Very important level to watch - Long bias

FX:EURJPY   Euro / Japanese Yen
111 1 13
Similarly to most JPY pairs, this week has been a crazy bull run. JPY pairs have broken significant levels. Now it has come the time of EURJPY             to test its longer term trend line resistance.

As can be seen from the chart, at the moment we are right at this key level. Watch closely in order to determine the trend over the next few weeks. Yesterday GBPJPY             broke out of a very similar channel so there is some bias of EJ             to the long side
The Japanese debt to GDP ratio is horrifying. I agree, not much faith long term in the yen, especially with the aging workforce and current low interest rates. If rates rise in Japan or they start to experience any major inflation this will be a very profitable long trade.
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