Instrument: EURJPY
Bullish Preference:
A buy position is envisaged if the price trades above 158.525 with take profit at 158.672.
Bearish Preference:
A sell position is envisaged if the price trades below 158.144 with take profit at 158.005.
Fundamentals:
No High Impact
Comment:
At the Jackson Hole Symposium, European Central Bank (ECB) President Christine Lagarde stated that the battle against inflation is not yet won. She emphasized the importance of central banks providing an economic nominal anchor and ensuring price stability while setting interest rates at restrictive levels for as long as it takes to achieve inflation to the ECB’s medium-term target of 2%.
Analysis: SCRUM Team