EURJPY - Bearish Bias

EUR - BEARISH
1️⃣ Investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
2️⃣ Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days following reports of blood coagulation disorders in recipients.
3️⃣ Last week, the European Central Bank left monetary policy unchanged but said it would conduct emergency bond purchases at a significantly higher pace over the next quarter, aiming to curb rising bond yields and support the bloc's economy.

JPY - BULLISH
1️⃣ Local media reports said that Japan is considering lifting the COVID-19 state of emergency currently in place for Tokyo and three neighboring prefectures.
2️⃣ Negative risk tone boosted the safe-haven JPY.

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Technical
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We are looking to sell the EURJPY at SBR + below SMA 50 on the H1 chart.

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Risk to this trade
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Any change in sentiment could turn the pair's direction.

交易進行

PENDING ORDER TRIGGERED

交易結束：達到停損點

❌ TRADE HAS HIT STOP LOSS

-30 PIPS

Safe-haven currencies declined after FOMC decision released.