EURJPY - Bearish Bias
EUR - BEARISH
1️⃣ Investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
2️⃣ Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days following reports of blood coagulation disorders in recipients.
3️⃣ Last week, the European Central Bank left monetary policy unchanged but said it would conduct emergency bond purchases at a significantly higher pace over the next quarter, aiming to curb rising bond yields and support the bloc's economy.
JPY - BULLISH
1️⃣ Local media reports said that Japan is considering lifting the COVID-19 state of emergency currently in place for Tokyo and three neighboring prefectures.
2️⃣ Negative risk tone boosted the safe-haven JPY.
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Technical
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We are looking to sell the EURJPY at SBR + below SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
2️⃣ Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days following reports of blood coagulation disorders in recipients.
3️⃣ Last week, the European Central Bank left monetary policy unchanged but said it would conduct emergency bond purchases at a significantly higher pace over the next quarter, aiming to curb rising bond yields and support the bloc's economy.
JPY - BULLISH
1️⃣ Local media reports said that Japan is considering lifting the COVID-19 state of emergency currently in place for Tokyo and three neighboring prefectures.
2️⃣ Negative risk tone boosted the safe-haven JPY.
=====
Technical
=====
We are looking to sell the EURJPY at SBR + below SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
PENDING ORDER TRIGGEREDTrade closed: stop reached
❌ TRADE HAS HIT STOP LOSS-30 PIPS
Safe-haven currencies declined after FOMC decision released.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.