EURJPY

The EUR/JPY currency pair is widely considered to be a safe haven trade, and it’s becoming increasingly popular amongst investors. The Euro cross is associated with strong movements, and although often compared to the EUR/GBP pairing, it typically moves almost twice as much in terms of pips. In recent times, the Yen has been on the rise, and this appreciation is expected to continue for the foreseeable future. The peculiar nature of the pairing makes it best suited to momentum and trend traders, although its appeal extends to many.
Technical Summary: