gdf_fx
Short

EURJPY short

FX:EURJPY   Euro / Japanese Yen
34 views
1
34 1
Looking to see some yen strength as the usdjpy rally possibly fades off this week.

if so should see yen appreciate across the board

also noting that the dollar also exerted selling pressure on the eurusd currency so the small rally into a key level on eurjpy has presented a nice short opp .

key fib level confluence with resistance zone and a pin bar/shooting star rejection off the zone/level

3 targets marked out although judging by usdjpy i do not see any yen pairs reaching for the brexit reaction lows yet.

Target 1 would be a range fill target and more feasible in my opinion
This was a pretty easy long to spot yesterday during the uk bank holiday. once resistance broke across all the yen pairs.

Also looking at COT data my yen bias is quite heavily short for the meanwhile now. I still prefer USDJPY longs over EURJPY as we see bearishness on the EURUSD pair but the yen is showing weakness across the board
Reply
EN English (UK)
EN English
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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