Comments on: EUR/JPY: Maintaining preference towards selling rallies https://fxww.com/eurjpy-maintaining-preference-towards-selling-rallies/ The Professional Source Sun, 30 Jun 2013 23:55:27 +0000 hourly 1 By: Johanes https://fxww.com/eurjpy-maintaining-preference-towards-selling-rallies/#comment-24203 Sun, 30 Jun 2013 23:55:27 +0000 http://381c099c8f.nxcli.net/?p=9070#comment-24203 Hi Sean,

I am still holding my long position on EURJPY at 129.90. It was highly under pressure by breaking my stop loss at 125.00 (I delete the stop loss and re-entered) down to 124.70 before the pair to be resumed to move to upward direction and currently at 129.30 for 60 PIPs floating lost.

The pair was heavily pressured by EURUSD that revisiting the level of 1.3000 near the current lowest quarterly band 1.2800. Should EURUSD to be resumed to move to upward to follow the EURUSD global macro trend then EURJPY will raise sharply to break the level of 138.00 and to move all the way up to 165.00 at more consistent performance.

Any idea and suggestion?

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