Instrument: EURJPY
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 154.739 with take profit at 155.027.
Bearish Preference:
Sell position is envisaged if price trades below 153.995 with take profit at 153.787.
Fundamentals:
3:47 AM JPY Monetary Policy Statement
7:30 AM JPY BOJ Press Conference
Comment:
The euro strengthened across the board on Thursday following the European Central Bank’s monetary policy announcement. In late afternoon trading, EUR/USD was gaining around 1.10% to $1.0945, its strongest level in five weeks.
Analysis: SCRUM Team