Review EUR/JPY 20.06.2018
Fundamental analysis: the weakening of the Euro against the backdrop of the strengthening of the dollar continues, the price of EURJPY is now at monthly lows, and it seems that this is not the limit. Among the important news on the EU today is the speech of the head of the European Central Bank Mario Draghi.
Technical analysis: for almost two years, since June 2016, the medium-term trend is bullish, it has not yet turned around. The long-term trend is also bullish since 2012. On the H4 chart, the Alligator's mouth is open downwards, fractals are below the red line - a signal for sales.
Trading recommendations: the trend will continue rather than unfold, so we follow the bearish trend. Short positions - when the price moves below 126.636, cancellation of this scenario and long positions – when the price is fixed above the level of 128.500.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA
Source: Forex analysis from the broker AMEGA
Fundamental analysis: the weakening of the Euro against the backdrop of the strengthening of the dollar continues, the price of EURJPY is now at monthly lows, and it seems that this is not the limit. Among the important news on the EU today is the speech of the head of the European Central Bank Mario Draghi.
Technical analysis: for almost two years, since June 2016, the medium-term trend is bullish, it has not yet turned around. The long-term trend is also bullish since 2012. On the H4 chart, the Alligator's mouth is open downwards, fractals are below the red line - a signal for sales.
Trading recommendations: the trend will continue rather than unfold, so we follow the bearish trend. Short positions - when the price moves below 126.636, cancellation of this scenario and long positions – when the price is fixed above the level of 128.500.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company AMEGA
Source: Forex analysis from the broker AMEGA