Instrument: EURJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 133.101 with take profit at 133.257.
Bearish Preference:
Sell position is envisaged if price trades below 132.797 with take profit at 132.668.
Fundamentals:
No major Fundamentals
Comment: FX markets have been quiet as measures of volatility have fallen across the board, but much of the lacking price action may be explained by the calendar: the Bank of Canada’s meeting of Wednesday brought in a bearish trading the EURJPY market and the European Central Bank’s meeting tomorrow have investors keeping their powder dry rather than making fresh bets.
Analysis: SCRUM Team