EUR/JPY: Going short again near 130.90, tightish stop
- Last week’s sell-off might be an indication of more to come.
- USD/JPY peaked back above it’s 98.90/00 break-up level but hasn’t sustained this move.
- EUR/USD is trading towards upper-end of recent ranges.
- EUR/JPY is near 61.8% retracement of 133.80/126.15.
I’m not overly confident this time around so I’m running with a tight-ish stop above 131.50.
Good morning Sean,
I have also jumped in this afternoon on EUR/JPY at 130.91 but I was not sure with the tight stop. You have replied to this questions, thanks 😉
I started with one unit and I didn’t add this afternoon with this price action.
Makes sense Papillon, leave stop above 13145ish and go to sleep. If its still below 13100 after BOJ later today then you can consider adding?