AgentSmith
Long

Playing Catchup

FX:EURJPY   Euro / Japanese Yen
275 1 2
The Pound has outperformed the Euro             for some time now and looks to consolidate into the new year. Conversely EurGbp             is looking mighty oversold which suggests that euro             strength will continue. EJ             is still an excellent buy over GJ with room to run into the 1.45 area. Keep adding longs and make sure to set stops appropriately coz if capital markets come off (and we are certainly due a healthy retracement) then yen pairs are gonna tank.
Nice bit of homework done there. I have been adding to my Euro long position as the Euro is starting to outperform the GBP at this time. Don't know how long it is going to last for but I am taking advantage of it while the strength is there.
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