EUR/JPY: Selling big rallies looks like play here
Good afternoon from cold and wintry London and I’m taking a badly needed break from back-to-back meetings to check on my trades. Not much going on with my 2 cross positions in EUR/GBP (short) and AUD/CHF (long but not overly convinced). I will stick with these for now as both are well in the money.
Cable looks like it will have another go at 1.5900 in coming sessions and may well even break but I have my buy-orders set at 1.5785; I think this is the last sell-off before the bull train takes off.
One pair which does look interesting is EUR/JPY. We may have a head-and-shoulders developing on the daily chart so sell any silly rallies back towards 134.75.
By the way, London in November is an excellent advertisement for living in Sydney 🙂