Trading2ez

EUR/JPY could FALL!

Short
FX:EURJPY   Euro / Japanese Yen
Hey tradomaniacs,

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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Peace and good trades
Irasor

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PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!

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