laikos

EURJPY: Technical SHORT opportunity

Short
FX:EURJPY   Euro / Japanese Yen
Fundamental:
EUR from Fundamental is weak currency due to continuation of QE program
Recent German Political unrest still pressuring EUR
JPY Fundamentally still weak currency too

Technical:
In contrast to Fundamental, the technical level for this pair is very interesting.
You can almost see a bull flag if you look at bigger time range, also you can see multiple attempts to break weekly resistance fail in a slightly shorter time frame.
Trade with reduced risk
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.