EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor...
euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure
look for bearish confirmation on lower time and enter short with your own money management
always remember patience and discipline are the keys to become a successful trader in Forex
