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EUR/JPY Call Signal 22 June 2016

Signal details
Entry Price: 
118.10
Close Price: 
118.73
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
4.6/5 of 4 ratings

The EUR/JPY has declined in recent trade from highs registered close to 118.60 to the current price of 118.16 which is just above our call buying prognosis for the daily option on this pair today. The levels at 118.10 should prove to be sufficiently attractive for daily call buyers like us.

The rationale for the trade is that the likelihood of a Brexit in recent days has receded and the EUR/JPY pair will benefit from a a broad decline in the Japanese yen. Looking at the challenges for the trade, poor liquidity across the market is possible, however unlikely to materially affect the price moves today.

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.