Euro / Japanese YenShort
EURJPY shorts in play
Updated
EURJPY looks toppish at these levels.
Sold short at market.
Currently has had rejection from 0.786 level and I expect this level to be the barrier for EURJPY.
Get above and I am out but looking for a nice run down toward 0.5 Fib sitting around 158.8.
Nothing really changed from BOJ statement. If they going to raise rates or not remain to be seen but I am expecting US yields to drop from here.
As for Europe, they have to cut rates whether they like it or not.
As long as the sentiment is there, this could have a nice flush down.
Don't load the boat!
Sold short at market.
Currently has had rejection from 0.786 level and I expect this level to be the barrier for EURJPY.
Get above and I am out but looking for a nice run down toward 0.5 Fib sitting around 158.8.
Nothing really changed from BOJ statement. If they going to raise rates or not remain to be seen but I am expecting US yields to drop from here.
As for Europe, they have to cut rates whether they like it or not.
As long as the sentiment is there, this could have a nice flush down.
Don't load the boat!
Trade closed manually
Getting out with a slight loss (almost breakeven) as I am not liking the dynamics in the Yen.
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