In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we watch the JPY and there’s also the potential for risk off trades.
The trade in question is the EURJPY. We anticipate a bit of JPY strength creeping into these markets. This is also reflected in the US Indices which are coming off their recent highs.
As a result, from a technical perspective, we are looking for this market to break below yesterday’s low of 125.13 before we can commit to this trade to the downside.
Watch the JPY and Potential for Risk off Trades – Full Video Analysis
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