benny_marshall

EURJPY - FUNDAMENTAL AND TECHNICAL VIEW

FX:EURJPY   Euro / Japanese Yen
#EURJPY

- There is currently a DOWNSIDE BIAS for EURJPY . With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Sometimes EURJPY can reach the 137.00 LEVEL and it has gone down.. 137.00 is a very good SUPPORT LEVEL ..

- Some NEWS coming for the USD will help to weaken or strengthen the EURO . But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK.

- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 144.70 LEVEL. For that, VIX should be DOWN and JPY should be WEAK. For that, MARKET RISK should be ON.

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