EURJPY - Bearish Bias
EUR - Weak Bearish
1️⃣ The Euro has been pressured after a comment from the European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
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Technical
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We are looking to sell the EURJPY at resistance + pivot point 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 The Euro has been pressured after a comment from the European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
=====
Technical
=====
We are looking to sell the EURJPY at resistance + pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
Price touched TP first.
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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.
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.