EUR/JPY Long
PMI readings for the eurozone have come in above 50.0 and slightly better than expectation.
Downside to this position is that the Yen is currently strong in a risk off market. Will average into the position by adding another micro lot at 123.00.
A clean break below trend line will invalidate trade. I don’t expect it to come into much profit today but if we get some positive catalysts on Monday then it should move upward.
Downside to this position is that the Yen is currently strong in a risk off market. Will average into the position by adding another micro lot at 123.00.
A clean break below trend line will invalidate trade. I don’t expect it to come into much profit today but if we get some positive catalysts on Monday then it should move upward.
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