EUR/JPY touches lowest since Feb but stalls

Author: Adam Button | Category: News

Author: Adam Button

I wrote about the allure of EUR/JPY shorts yesterday.

The 200dma sits at 138.68 and a close below would next target the May low of 137.98 … I like euro shorts more every minute.

The pair fell as low as 137.88 today but the lack of follow through makes me wary of holding shorts tomorrow. The pair is oversold in the short term and the way the stock market bounced is a solid sign for this pair.

LON GMT+1
BJ HK+8
NY EST-4
TYO +9

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