Forex: EUR/JPY Between Channel and Breakout on Stimulus and Risk
There was a follow through on the risk aversion move in FX and capital markets this past session, but the panic seems to have receded. Key technical levels on the S&P 500, AUDUSD and Gold suggest a market-wide sentiment reversal still has hurdles to fully engaging the market and momentum. In today's video, we take a look at risk trends, cover setups for different outcomes for confidence and discuss why EURJPY may prove the most volatile pair through the end of the week.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.