JPY crosses/Trade Ideas

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.

  1. 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 😉

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