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EUR/JPY Call Signal 13 Nov 2015

Signal details
Entry Price: 
131.70
Close Price: 
131.85
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.8/5 of 3 ratings

The EUR/JPY has suffered in the beginning of today's trading session before stabilizing just above 131.60. With the pair rebounding in the aftermath of a weaker than expected data from the Eurozone, the currency pair has the potential to move higher in the coming hours.

While the numbers were not stellar, the situation for the Japanese economy is also looking dim at this stage. The EUR/JPY is hovering around key levels which should determine its next big move in the coming days. For tonight we see the stock market stabilizing somewhat which should be negative for the JPY.

Looking to buy daily call binary options at 131.70 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.