Given the Yen's weakness against the Euro over the past month and a half, the best trading opportunities on this pair will be buying opportunities. This 122.1 level will be a very likely place to see price bounce. Institutional traders will be eyeing this level for a potential dip buy. As usual we will be using a 30-40 pip stop and be looking to get whatever we can on the profit side.
Good luck to anyone that takes this trade.
Good luck to anyone that takes this trade.
Comment:
Not looking like this pair will get down to the figure today. We will continue to monitor price and see if it gets down their this evening or tomorrow.
Order cancelled:
Canceling Order. Moving on to next week with this pair.