Our free forex signals service today looks at the EUR/JPY and we have the entry, stop and take profits levels for you. As the EUR/JPY pair continues to consolidate around 129.60 amid deteriorating market sentiment, the price seems to have stopped bouncing from monthly lows. After the Fed eased its pressure over an impending restrictive move with a softer inflation report, the US dollar is licking its wounds. In addition, Treasury yields are on the decline, thereby limiting the fall on the ground. Euro bulls are now on the defensive due to risk aversion fueled by Chinese raids and bleak economic data from Germany. –Are you interested to learn more about automated forex trading? Check our detailed guide- Future market activity will be influenced by the producer price index and US jobless claims. Momentum and yield on the dollar will remain at moderate risk in the meantime. Meanwhile, investor concerns over the economic effects of the rapidly spreading delta variant of the Coronavirus continued to weigh on sentiment. This was evidenced by the softer sentiment in the stock markets, which favored the safe haven of the Japanese yen and was seen as another factor keeping the EUR/JPY pair in check. Get FREE Forex Signals Now! Therefore, it is prudent to wait for some strong follow-up selling before concluding that EUR/JPY has peaked shortly and prepare for further devaluation moves. In addition, trades are eagerly anticipating US economic data – PPI and weekly jobless claims – for renewed volatility in the market. EUR/JPY free forex signals Instrument: EUR/JPY Order: BUY STOP Entry price: 130.05 Stop Loss: 129.09 TP1: 131.96 Our Risk Setting: 1% Risk / Reward Ratio: 1:2 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 Gold Price Forecast: XAU/USD Uptrend Continues – Get Ready for a Buy Trade at $1,753 Ali B. 5 months Our free forex signals service today looks at the EUR/JPY and we have the entry, stop and take profits levels for you. As the EUR/JPY pair continues to consolidate around 129.60 amid deteriorating market sentiment, the price seems to have stopped bouncing from monthly lows. After the Fed eased its pressure over an impending restrictive move with a softer inflation report, the US dollar is licking its wounds. In addition, Treasury yields are on the decline, thereby limiting the fall on the ground. Euro bulls are now on the defensive due to risk aversion fueled by Chinese raids and bleak… 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.
