Major resistance on EURJPY
EURJPY has come back up into a major resistance level highlighted in red.
Ill be looking at shorting 122.69
Stops @ 123.88
Target 1 at 120.82
Looking for price to fill Gap with second half of trade.
Just as a warning. We are looking at the short on USDJPY too. If you trade both trades your exposure to buying JPY may be rather large. Keep that in mind when you going through your risk assessments to these trades.
Ill be looking at shorting 122.69
Stops @ 123.88
Target 1 at 120.82
Looking for price to fill Gap with second half of trade.
Just as a warning. We are looking at the short on USDJPY too. If you trade both trades your exposure to buying JPY may be rather large. Keep that in mind when you going through your risk assessments to these trades.
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