This is my latest analysis on EUR/JPY. 1 Hour break out strategy applied. What I would like to see is price action back up around the 118.000/118.500 by the end of the week but do believe the biggest factor is going to be whether or not the European Centrals Banks Monetary Policy Meeting on Thursday will shed some sort of relief for the EU.
What I’m watching/waiting for:
1. Price action to break out the top of the bearish channel and candle close outside.
2. 2nd candle confirmation before entry
3. Positive news for the EUR
Fundamentals: Please note iv only included TRIPPLE BULL events in the data – There are many other economical/political events that effect a currencies strength or weakness (www.investing.com/economic-calendar/).
I’m watching the ECB's website for a statement to be released following the monetary policy meeting on Thursday (www.ecb.europa.eu/ho...e/html/index.en.html).
Please feel free to leave a comment, pick my brain, I’d love to interact with you if you’re trading this pair as well.
How does your analysis look?
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
This information given is not Financial Advice.
What I’m watching/waiting for:
1. Price action to break out the top of the bearish channel and candle close outside.
2. 2nd candle confirmation before entry
3. Positive news for the EUR
Fundamentals: Please note iv only included TRIPPLE BULL events in the data – There are many other economical/political events that effect a currencies strength or weakness (www.investing.com/economic-calendar/).
I’m watching the ECB's website for a statement to be released following the monetary policy meeting on Thursday (www.ecb.europa.eu/ho...e/html/index.en.html).
Please feel free to leave a comment, pick my brain, I’d love to interact with you if you’re trading this pair as well.
How does your analysis look?
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
This information given is not Financial Advice.
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