The People's Bank of China has slashed reserve requirements, leading the yuan lower as the trade war threats with the Trump administration continue to intensify.
Squawk / 28 November 2018 at 6:44 GMT
Partner at 3 C ANALYSIS / 3cAnalysis
United Kingdom
EURJPY - Cautiously Bullish & Buy 128.35 Dip. Stop 128.05
Despite Monday’s solid gains, Tuesday’s forecast was a negative one. This was due to demand stalling at the crucial 13 day mvg avg and this proved correct. But price action was volatile and, despite a negative bias, net movement was minor. This kept EURJPY fluctuating around the 13 day line and does not provide strong signals for sentiment going into Wednesday. Nonetheless, demand has been seen in Asia and with this likely to impact on this morning’s sentiment.
We look to Buy in 128.55/60 area and on any 128.35 dip
The stop is 128.05 offered
Targets - 128.85 and 129.10
Closes 4pm London time
marran marran
im in on this but getting nervous! lol
marran marran
closed one trade moved stop loss and letting the other run, thanks Alan


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