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EUR/JPY Call Signal 17 Nov 2015

Signal details
Entry Price: 
131.20
Close Price: 
131.36
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.5/5 of 6 ratings

The EUR/JPY has been trading lower on the day despite some very strong risk on sentiment across the board, that boosted equities worldwide and is typically bullish for this pair. The data sets from the E.U. have not been the best, which has ultimately weighed on the sentiment.

Looking at the EUR/JPY we are holding the opinion that the pair may benefit from a move towards 131.20. this is why we would be buying daily calls at that level looking for a close towards the end of the New York trading session above our entry price point.

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.