EURJPY signals volatile, but with a bullish bias
Tuesday’s buying and recovery from close to this month’s earlier base at 112.32 has improved sentiment. Although Wednesday's rally has stalled, signals are pointing bounces for profit-taking bounce. The market is selling rallies and buying dips.
Management and risk description
Buy the dip only and if this is done, raise the stop to the entry point once the second target is met.
Entry: Buy at 112.70, just above today's low in Asia.
Stop: 112.32, this month's base.
Target: 113.84, just below yesterday's high and 114.82, this month's top.
Time horizon: Today only.
— Edited by Adam Courtenay
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