Looking forward to another great trading week. Going to be focusing on EURJPY and EURUSD for some sell trades!
For the purpose of the analysis will stick to EURJPY however will be looking at trading both pairs.
We have already had a weak run for the EUR towards the end of last week, while Japanese Yen showed strong sentiments both Technically and Fundamentally.
Want to take advantage of this trend get in for a sell on the EURJPY around the 122.100 area.
Fundamentals to keep an eye out for this week.
For EUR
EU Labour Costs
EU Consumer Price Index
German Zew Survey Economic Sentiment
For JPY
Merchandise Trade Balance
Foreign Bond Investments in Japanese Stock
National Consumer Price Index
For the sister pair EURUSD a short entry area would be around 1.12500
PreTrade Analysis Video