News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Euro Likely to Fall further versus Yen

Euro Likely to Fall further versus Yen

David Rodriguez, Head of Product
Euro Likely to Fall further versus Yen

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

EURJPYRetail FX traders are extremely long the Euro versus the Japanese Yen and US Dollar as both the EURUSD and EURJPY trade near important price support levels.

Trade Implications – EURJPY: A contrarian view of crowd sentiment leaves us in favor of continued Euro losses versus the Yen. Yet as with our EURUSD forecast, we think that the risk of a short-term bounce warns against selling the EURJPY at these levels. Instead our Strategist is looking for a test of resistance for the next Euro trading opportunity.

See next currency section:EURUSD - Euro Trend has Turned, Looking to Sell Bounces

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Euro Likely to Fall further versus Yen

Automate our SSI-based trading strategies via Mirror Trader free of charge

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES