Euro / Japanese YenShort
EURJPY Trade Idea 2308-2608
EURJPY break out of the 129.00 key level last week with a retest price structure before it heads further to south.
Currently it is trading at 128.50+-. Look for short term sell opportunity 128.70+- with SL near previous resistant, till 127.10+-, and monitor trend continuation or reversal at Tuesday.
German manufacturing is set to release at 330pm. During news is released, volatility is expected.
Do take note that sentiment on EUR is nett long while for JPY is still nett short.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Currently it is trading at 128.50+-. Look for short term sell opportunity 128.70+- with SL near previous resistant, till 127.10+-, and monitor trend continuation or reversal at Tuesday.
German manufacturing is set to release at 330pm. During news is released, volatility is expected.
Do take note that sentiment on EUR is nett long while for JPY is still nett short.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Disclaimer
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