07 October 2016 at 8:06 GMT
Clive Lambert - FuturesTechs
Future Techs’ Clive Lambert is looking at trading EURJPY following some weakness overnight.
If closure is below 115.64 today, an Evening Star candlestick should form and Lambert is looking to base his trade around it.
He is aiming to sell EURJPY below 115.65-75 and with a stop above 116.30 (Thursday's high).
His targets over the next week are 114.70 and 113.70 and, for a longer-term trade, he may hold trade to potential lows just above 112.00.
Lambert will feature analysis of a selected trade every Friday on Trading Floor.