Trading Idea EURJPY

Analysis Style : Trend Following Fibonacci

TF : Daily

Fundamental bias

Bullish Euro

Euro Area Trade Surplus Widens in September

Euro Area Industrial Production Rises Faster than Expected

Eurozone GDP Growth Confirmed at 0.6%

Eurozone GDP Growth Eases to 0.6% in Q3

Euro Area Inflation Rate Lower than Expected

Euro Area Jobless Rate Drops to 8.9% in September

ECB to Cut Bond-Buying to €30 Billion from January 2018

Mix JPY

Japan GDP Growth Slows to 0.3% in Q3

BoJ Holds Monetary Policy Steady; Trims Inflation Outlook

Japan Jobless Rate Steady at 2.8% for 4th Month

Japan Inflation Rate Steady at 0.7% in September

Japan Trade Surplus Widens 37.7% in September

Japan Jobless Rate Steady at 2.8% for 3rd Month

Japan Inflation Rate at 29-Month High of 0.7% in August

BoJ Leaves Monetary Policy Unchanged

Short term technical

Waiting for corrective price action.

Note:

EURJPY has been bullish since Jun 2016.

Will be looking to GO LONG at least when the price retracing to 129.50 area.

Thanks.

I will be sharing how to analyse price charts using trend following methodology in KL Dec Roadtour.

For more info:

https://www.facebook.com/Forexisbiz/videos/1683001035084634/