Risky short set up building here near current levels of 126 in EURJPY. Likely dip to 124.5 - 124.0 levels. Due to the FOMC and more importantly BoJ tomorrow, best to stay on the sidelines for now. Should see some good price action from 124.5 - 124 towards 128.
Good luck and trade safe.
Trade closed: target reached
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Have a good day :)
Comments
moneymaking
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Well done mate. Was also expecting the downside move, but not as quickly as this :)
justatrader
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Thanks. I was actually expecting this to happen and then a quick recovery.. Pre-BoJ newsflow was sort of indicating that, but who knew they'd do nothing, in comparison to all the BS that was going around over the past week.