EURJPY is currently inside a large trading range pattern.
Since the end of January, EUR/JPY has been moving in a volatile manner within a large trading range. This range is nearly 600 pips long and has kept EUR/JPY confined within this zone.
The reason for this volatility is related to fundamental factors from both the ECB and BOJ.
So far, EUR/JPY has tested the top of the structure again, and there are chances that it could move down to test the bottom near 155.00. It's important to be very careful because the market has been very unpredictable lately, but this setup could work out well.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Since the end of January, EUR/JPY has been moving in a volatile manner within a large trading range. This range is nearly 600 pips long and has kept EUR/JPY confined within this zone.
The reason for this volatility is related to fundamental factors from both the ECB and BOJ.
So far, EUR/JPY has tested the top of the structure again, and there are chances that it could move down to test the bottom near 155.00. It's important to be very careful because the market has been very unpredictable lately, but this setup could work out well.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.