pgforex1

Euro weakness expected to continue into next week

Short
pgforex1 Updated   
FX:EURJPY   Euro / Japanese Yen
- This week's message from the ECB was more dovish than expected. Therefore, I expect Euro weakness to continue next week.

- On a technical level, price has just broken below the 125 level and below the ascending channel. Leaving room for price to continue falling towards the 124 and 123
levels.

- Entry: Between 124.90 - 125.00
- SL: 125.50
- TP1: 123.00
- TP2: 124.00

I will start posting trades as a way to build a personal journal. Therefore, you should always do your own analysis before entering a trade.
Comment:
Trade closed: SL hit
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