EUR/JPY has been very tricky recently as EURO-strenght wasn`t really able to help EUR/JPY to rise.
JPY was pretty chaotic due to mixed fundamental circumstances, but considering that JPY is actually a save haven we can expect EUR/JPY to drop in a risk-off-scenario in the stockmarket.
The problem was that correlations have made less sense since CHF and JPY were rising with stocks as a hedge.
We might see that correlations finally make sense again, which means that EURO would suffer due to DXY-Strenght.
However, technically we have seen three fakeouts above the range, indicating either stop-loss-fishing or fake-moves in order to attract more buyers to spend the liquidity big players need to get rid of your long-positions.
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PS: This week I only share my analysis as market-conditions are still weak due to loq and liquidity! Will be back with signals next week!