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Instrument: EURJPY
Technical Analysis
Bullish Preference:
A Buy position is envisaged if price trades above 132.242 with a take profit at price 132.394.
Bearish Preference:
A Sell position is envisaged if price trades below price 131.857 with take profit at price 131.650
Fundamentals:
No major fundamental
Comment: EUR/JPY prints fresh gains on Monday in the Asian trading hours. The pair rose sharply in the previous week and reached a multi-month high near 132.70. At the time of writing, EUR/JPY is trading at 132.22, up 0.05% for the day. The Eurozone Lending Activity rose 3.9% in May as compared to a 3.8% rise in the previous month. The readings suggested the largest increase in household lending since December 2008. The IHS Markit Composite PMI jumped to 59.2 in June, slightly above the market expectations at 58.8.
Analysis: SCRUM Team
