Flows and Orders/JPY crosses

EUR/JPY: Should meet resistance now near 111.50

EUR/JPY has held firm near 111.00 after the Greek FinMin’s reported comments that Greece could still leave the EZ triggered stops below 111.50. This level should now form the first line of resistance.

  1. Hi Sean,
    kind of you to still post your analysis on this pair, at least you stuck to your plan showing good discipline. Will be interesting to see the volatility develop.

  2. im looking at hedging this for the upcoming announcement. buy stop 111.50 and sell stop at 111.00. not intending to stay and will get out within an hour or less.

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