EUR - Strong Bearish
1️⃣ Retail sales in Germany contracted -5.5% in April 2021, down from a 7.7% jump in March and far worse than the market forecast to fall just -2.0%.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
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Technical
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We are selling the EURJPY at SBR + below SMA 50 + at the pivot point on the H1 chart.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
1️⃣ Retail sales in Germany contracted -5.5% in April 2021, down from a 7.7% jump in March and far worse than the market forecast to fall just -2.0%.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
=====
Technical
=====
We are selling the EURJPY at SBR + below SMA 50 + at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
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