In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we examine a new quarter with new JPY opportunities.
So, today is the first day of the second half of this year and the third quarter. As a result, it can be a catalyst for some trading opportunities. The first market up for close scrutiny is the Japanese yen. We are currently in a risk-on phase so, therefore, we can expect capital coming out of safe havens like the JPY and into riskier markets.
So, if we get continuation with JPY weakness we will look to buy the EURJPY above yesterday’s high of 121.42. Additionally, there is potential for the GBPJPY above the recent high of 134.00.
A New Quarter With New JPY Opportunities – Full Video Analysis
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