FX:EURJPY   Euro / Japanese Yen
As we all know the EUR and the JPY are both weak currency ( QE and QQE), but here is where the risk on/off may play a big role, in this case they are one opposite to the other. I believe a risk off type of investment is just around the corner and so this cross could play very well.
Technically a big reversal pattern is on its way, we are already in the first area of interest to short it, from a risk/reward prospective the second area it's surely better.
I look forward to when the trade sets up and the risk you need to take to get the trade on.
+1 Reply
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