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Instrument: EURJPY
Bullish Preference:
A buy position is envisaged if the price trades above 156.087 with take profit at 156.200.
Bearish Preference:
A sell position is envisaged if the price trades below 155.694 with take profit at 155.542.
Fundamentals:
None with High Impact
Comment:
Exports, a key driver of the Japanese economy, marked their first year-on-year drop in 27 months amid fewer shipments to China and concern about slowing global economic growth. In all, Japan’s trade deficit shrank 38.8 percent to 1.19 trillion yen.
Analysis: SCRUM Team
