Euro / Japanese YenShort
EURJPY - BEARISH PRESSURE TO CONTINUE?
EURJPY has recently experienced some bearish pressure and now in a period of consolidation on the 4hr chart. We are looking for the next push to the downside. COT Data is showing overall weakness across both currencies but the overall bearish pressure looks more on the EUR then the JPY as the JPY also added on more long orders while EUR continued to close their long orders.
Seasonal Data shows something similar to the COT data as both currencies usually experience bearish pressure coming into the month of October.
Seasonal Data shows something similar to the COT data as both currencies usually experience bearish pressure coming into the month of October.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.