• I still like the Pennant formation in EUR/JPY (updated in Members) and this suggests that we should see a 121.50/125.50 maximum range.
  • The reaction to Kuroda story is ridiculously overdone.
  • The Italian election has plenty of scope for bad news for the EUR.
  • I sold this morning above 125.00 and bought back in low 124’s. I’m now looking to re-sell at 124.80 and invest this morning’s profits in an 80 pip stop-loss trade. If my entry level proves solid, then I’ll look to add to the trade a little later, but as always it’s best to bet only with the bank’s money 🙂