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EUR/JPY Call Signal 11 Nov 2015

Signal details
Entry Price: 
131.90
Close Price: 
131.97
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The EUR/JPY pair has hit a new low yesterday as U.S. stocks were weighed by negative forecasts about Apple's sales of new iPhones which triggered a flight to safety. With the Japanese yen always benefiting in such scenarios, the attention of traders turned to buying the currency.

Today the EUR/JPY has stabilized somewhat and the market refocused on fundamental drivers for the price. In the coming hours we are expecting for the euro to rebound somewhat as most of the factors which are affecting it negatively have already been priced in by the forex market.

We would be buying daily call options at 131.90 for tonight's expiry.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.