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EUR/JPY Call Signal 26 Jan 2016

Signal details
Entry Price: 
128.35
Close Price: 
128.61
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The EUR/JPY pair is looking to close the day higher after some price action during the European and U.S. sessions. Looking into the London close the pair is setting itself for a directional move. We would need a close above 128.50 to confirm a longer term move, however for now the pair is refraining from testing the level aggressively.

Looking at the current state of play, the EUR/JPY is likely to move higher in the near term after visiting lows at 127.80 in early European trading. We are buying daily call options on this pair at 128.35 looking for a close higher later 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.