EURJPY in a new bullish trend ? - High Risk
Updated
EURJPY in a new bullish trend ? - High Risk
Once again all JPY pairs are rising and the bullish momentum is rising slowly.
This is in line with the comments from BOJ's influential deputy governor who said that the central bank won't hike interest rates when markets are unstable, decreasing the chance of a near-term hike in borrowing costs.
The Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, which led to a sharp fall in the yen.
We may see all XXXJPY pairs rising slowly again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Once again all JPY pairs are rising and the bullish momentum is rising slowly.
This is in line with the comments from BOJ's influential deputy governor who said that the central bank won't hike interest rates when markets are unstable, decreasing the chance of a near-term hike in borrowing costs.
The Bank of Japan unexpectedly turned cautious on rate hikes amidst market volatility, which led to a sharp fall in the yen.
We may see all XXXJPY pairs rising slowly again.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
stay away from this trade ...it is not rising
Trade closed: target reached
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