Our free forex signals service today looks at the EUR/JPY and we have the entry, stop and take profits levels for you. The buying pressure around the Euro is mounting as the risk sentiment improves on Monday. There is no hint of exhaustion at the moment, and investors prefer riskier assets. Moreover, the lack of traction in the US Dollar is also supporting the Euro and other riskier assets. The Euro found strong support last week as the Eurozone GDP for the second quarter and inflation figures met the expectations of the market participants. We also expect the growth to continue in the third quarter despite the lingering risk of Delt variant spread and risk of slow recovery. Therefore, the growth forecast for the entire year is expected at 5%. The ECB is also discussing gradually phase out the emergency support as the Eurozone economy has shown signs of progress. However, the ECB has still been with the loser monetary policy. On the other hand, the safe-haven appeal of the Japanese Yen deteriorates as the market sees broader risk-on sentiment. Meanwhile, coronavirus cases spiked to new record highs, and the Japanese government proposed the state of emergency be imposed in three steps till August 31st near the Olympics host Tokyo. Get FREE Forex Signals Now! Later today, market participants are keeping an eye on the US ISM manufacturing PMI data for July that may provide stimulus to the market. However, not many surprises are expected from the data. EUR/JPY free forex signals EUR/JPY 4-hour chart Instrument: EUR/JPY Order: BUY STOP Entry price: 13052 Stop Loss: 129.99 TP1: 131.21 Recommended Risk: 1% Risk / Reward Ratio: 1:3 Signal validity period: Good until cancelled Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next Chainlink Price Prediction: LINK Could Rally To $25, Time To Buy? Nancy Lubale 9 months Our free forex signals service today looks at the EUR/JPY and we have the entry, stop and take profits levels for you. The buying pressure around the Euro is mounting as the risk sentiment improves on Monday. There is no hint of exhaustion at the moment, and investors prefer riskier assets. Moreover, the lack of traction in the US Dollar is also supporting the Euro and other riskier assets. The Euro found strong support last week as the Eurozone GDP for the second quarter and inflation figures met the expectations of the market participants. We also expect the growth to… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
