EUR JPY Forex Signals
EURJPY is a pairing of two different currency; the Euro (EUR) and Japanese Yen (JPY), with the Euro being the base currency and the Japanese yen (JPY) is the counter or quote currency. If our EUR JPY forex trade signals state a buy for EURJPY, this means we anticipate the Euro to strengthen against the Japanese yen (JPY).
Our bias to either buy or sell the EURJPY can be prompted by our fundamental or technical analysis, and it could be a combination of both. This analyst is done by our team of an analyst at Nys trading.
An increase or decrease in the Euro interest rate, monetary and economic policies from the European Central Bank (ECB) is some of the fundamental data that can influence the direction of the EURJPY pair.
Same way the economic and monetary policies of the Bank of Japan (BoJ) can affect the movement of this pair coupled with sentiments of big investors in the forex market.
Just like all other pairs, our EUR JPY forex signal generated via technical analysis is based purely on price action at resistance, support and major confluence levels.
Are there other details that come with the Signals?
Yes! There are other information aside from the Entry price, Stop Loss and Take Profit. At Nys Trading, we do not like just to give buy and sell signals alone; we provide and send analysis, charts and trade commentaries together with the signals we send to our subscribers.
We do this to enable our subscribers to know why we are buying and why we are selling, with this they tend to have confidence in taking the trades and they can also tell if we know what we are doing.
For EURJPY forex signals, we will send the entry price, stop loss, and take profit and our subscribers enter the market based on the information sent.
Are all your Trades instant?
No! We send both instant entries and pending orders to our subscribers. Our trades that are meant to be entered at the current market price will have the entry price, stop loss, and take profit while pending orders will have the entry price, stop loss and take profit as well.
Do you Send Updates on Signals?
Yes! At Nys Trading, we send updates on our EUR JPY forex signals to let our subscribers know whether they have to exit an open trade or hold the trade. In cases where we need to lock profit or close a trade before it gets to our target, we will also send an update and state the reasons that informed our decision.