Short EURJPY @ 119.89

0.12 gmt

Added new short in EURJPY at 119.89, with a stop at 120.29.

I think the pattern here is that the EUR will test the low it made on Friday – around 1.3275. If that breaks we get a further move down, and if that level holds we will see a bounce back to the highs near 1.3400 and likely a move higher.

So this short trade is likely to be a quick trade, perhaps till the end of the day.

5.08 gmt Edit:

Forgot the order size: Short 8 lots, -$88/pip.

 

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