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EUR/JPY Put Signal 30 Nov 2015

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
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The EUR/JPY has managed to stage a rebound in light of stable Consumer Price Inflation numbers from Germany. As a result the euro currency has rebounded across the board, with the main effects being felt against the Japanese yen, where the single european currency managed to sustain gains.

Looking at the chart, the level around 130.20 is proving to be difficult to overcome, this is why we would be buying daily puts on this pair if prices touch it once more. The main level to the downside is the 129.60-65 area where we would be calling for a move higher if current fundamentals remain unchanged.

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. 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. All risks and coasts associated with online trading are your responsibility.