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Instrument: EURJPY
Bullish Preference:
A buy position is envisaged if the price trades above 15789.72 With take profit at 15829.51
Bearish Preference:
A sell position is envisaged if the price trades below 15697.72 with Take profit at 15661.67
Fundamentals:
1:15 pm
EUR Main Refinancing Rate
EUR Monetary Policy Statement
Comment:
The ECB comes under the spotlight next, with investors expecting the central bank to similarly raise rates by 25 basis points (bps) at the conclusion of its monetary policy meeting on Thursday, with the focus on its forward guidance and expectations for September.
Analysis: SCRUM Team
