EURJPY’s Next Move Depends on BOJ Interest Rate Decision
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EURJPY’s Next Move Depends on BOJ Interest Rate Decision
From a technical perspective, EURJPY has completed a bullish harmonic pattern.
However, this time, both technical and fundamental perspectives need to align.
This week, on Friday, September 20, EURJPY’s movement will largely depend on the Bank of Japan’s (BOJ) interest rate decision.
The market is anticipating a rate hike following recent BOJ comments.
If the BOJ increases rates this week, EURJPY may continue its downtrend.
If the BOJ does not increase rates, we may see the harmonic pattern push the price aggressively from its current position.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From a technical perspective, EURJPY has completed a bullish harmonic pattern.
However, this time, both technical and fundamental perspectives need to align.
This week, on Friday, September 20, EURJPY’s movement will largely depend on the Bank of Japan’s (BOJ) interest rate decision.
The market is anticipating a rate hike following recent BOJ comments.
If the BOJ increases rates this week, EURJPY may continue its downtrend.
If the BOJ does not increase rates, we may see the harmonic pattern push the price aggressively from its current position.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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