EUR crosses/JPY crosses/Technical Analysis

EUR/JPY session overview: Selling rallies favoured intraday

     Overbought signals are slowly being unwound and with the general election looming, I would expect Yen shorts (reportedly at extreme levels) to continue covering as the week progresses. Selling rallies back towards 107.00 looks like the obvious risk-reward play, in expectation of a fall later in the week towards 105.30 at a minimum. On the day I’d expect 105.90/106.90 to cover most eventualities.

  1. Good morning, Sean!
    In AUD/USD steam I transferred the purpose of the first sale (from 1.0594) on 1.0603, also I bought a few AUD with such purpose, placed a stop lower than 1.0430.
    Successes to you!

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