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BostjanSrsen
Jan 7, 2018 5:56 PM

EURJPY Short

EURO / JAPANESE YENICE

Description

Although price is still bullish i would prepare for possible reversal.
JPY historicly straightens from january to april 0.67% (fiscal year end jpn 0.21% ).
You can also expect big institutional players to take profit which will create a demand for USD and JPY thus straighten them.
Basically i expect risk off trading conditions for the next month or two.

If price breaks and close below channel we can look for retracement and then sell.
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