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[Signal] EURJPY: Safe Haven Play

已更新

Timeframe: H1
Direction: Short

Technical Confluences for Trade:
- Price action at Resistance of Ascending Channel
- Stochastic Overbought momentum
- Widening of the EMAs

Fundamental Confluences for Trade:
- There is some risk with EUR spiking higher due to the rising inflation situation in Europe but at the same time, global inflation pressure is starting to leave a drag on growth. Risk assets may continue to take a beating and may see some safe haven plays.
- Inflationary pressure is starting to pick up in Japan; may see a change in BOJ's monetary stance (reducing the yield differential between the US and Japan)

Suggested Trade:
Entry @ Area of Interest 139.70 - 140.50
SL: 140.92
TP1: 139.25 (move SL to Entry level once TP1 is achieved)
TP2: 137.85
RR: Approx. 3.30 (Depending on Entry Level)

May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

交易進行

交易結束：達到停損點

Yield differentials have pushed the JPY to low levels and killed this trade idea.

weekendanalyst

Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.

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