The Pound has outperformed the Euro for some time now and looks to consolidate into the new year. Conversely EurGbp is looking mighty oversold which suggests that euro strength will continue. EJ is still an excellent buy over GJ with room to run into the 1.45 area. Keep adding longs and make sure to set stops appropriately coz if capital markets come off (and we are certainly due a healthy retracement) then yen pairs are gonna tank.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.