The BOJ today, the ECB tonight, and the NFP tomorrow; now that’s what I call acronym risk!
EUR/JPY has been steady below 120.00 for the last few sessions but that will surely change spectacularly over the next two days. Support levels start at recent 118.70 lows with a major technical target below there at 117.25 (38.2% retracement level).
I’m still short and have my trailing stop in same place above 120.40.
I have a feeling that we may see plenty of whipsaw action, giving us plenty of trading opportunities.
