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EUR/JPY Put Signal 24 Nov 2015

Signal details
Entry Price: 
130.30
Close Price: 
130.37
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
2.8/5 of 4 ratings

The EUR/JPY is under pressure as a number stops have been triggered on the break below 130.30. Currently the pair is trading at 130.25, which is seen as a level that could expand the decline towards the 130.00 area. The catalysts for the move are many and mainly fundamental, but there is a little more to it today.

The geopolitical tensions that have been triggered by the Russian airplane shot down by NATO member state, Turkey have roiled markets around the globe today. The main result from the tension which was stoked up by Russian president Vladimir Putin is pressure on all risk assets, which excludes the Japanese yen.

We are looking for a move to 130.30 to buy daily put binary options on the EUR/JPY.

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.