This is a quick note to highlight a potential reversal in the EUR/JPY, which was in the process of forming further bullish price action after it created a large bullish engulfing candle on Friday. At the time of this writing, it was trying to break its short-term bearish trend line and climb above the 21-day exponential moving average. This pair is one to watch because of the upcoming Eurozone data and the G20 meeting, which has the potential to send risk-sensitive assets sharply in one or the other direction. From the Eurozone, we will have German CPI on Thursday, while Eurozone CPI will be published a day later on Friday.
Source: Trading View and City Index
Latest market news
Yesterday 10:56 PM
Yesterday 10:44 PM
Yesterday 08:30 PM
Yesterday 07:48 PM
Yesterday 07:23 PM
Yesterday 04:05 PM