Eur/Jpy Selling on the back of EUR weakness

Güncellendi
Q1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone
real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports
from Russia (oil and natural gas, both planned and unplanned) have the potential to
further elevate energy prices or weigh more directly on production. To be sure, the
starting point for Eurozone finances is quite sound, with nominal income growth largely
keeping pace with inflation and the household saving rate still high by historical
standards. But, as those supportive household finances begin to wane over time, we
believe consumer spending will increasingly come under pressure. In addition,
manufacturing activity could be impacted more directly by energy disruptions, and ta;ls
pf U.S. recession could also weigh on the Eurozone economy.
This could also force buyers into safe havens such as JPY, hence why we chose EURJPY to
short.

Sell Now: 138.990
TP: 137.260
Sl: 140.053 (110pips)
İşlem kapandı: hedefe ulaştı
Beyond Technical AnalysisEUREURJPYeurjpyshorteuropeEURUSDForexforexsignalsFundamental AnalysisTechnical Indicatorsjpysignals

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