EURJPY UP to 125.70 SELL IT THERE. DONT BUY IT NOW

Hello,

This is critical and needs professional analysis. This is best I can come up with

Why I forecast this way and why I said Sell at 125.70 and Dont buy now?

1. BOJ has a bank statement this week, there is a potential they will hint tightening monetary policy and JPY becomes very strong. So we are not into BUY at ALL. PERIOD.

2. Why I think it will go up to 125.50-125.70 area? EUR is 60% weight from the DOLLAR, I forecast the DOLLAR index to go down, so the EUR will go up a little.

3. ECB announced stimulations, so EUR is weak, JPY will be strong, so we only will focus on sell highs only from now.

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