EURJPY is correcting in a bear market prior to the EUR Trade balance data, which records the total imports and exports for the Eurozone. Technically the pair is in a corrective wedge after a bearish impulse, and we anticipate continued downside now as the wedge is breaking. The RSI is showing bearish momentum and we anticipate downside into the 129.05 level.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.