EUR - Weak Bearish
1️⃣ The Euro has been pressured after a comment from the European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
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Technical
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We are looking to sell the EURJPY at resistance + pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The Euro has been pressured after a comment from the European Central Bank policymaker Panetta says that it may be too early to discuss a reduction in emergency bond purchases.
JPY - Weak Bullish
1️⃣ Declining US Treasury alongside US dollar support the JPY.
=====
Technical
=====
We are looking to sell the EURJPY at resistance + pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled:
Price touched TP first.