FxLabsPlus

Trade idea - EURJPY Sell Opportunity

Short
FxLabsPlus Updated   
FX:EURJPY   Euro / Japanese Yen
EURJPY has been looking extremely weak and inactive on the LeaderBoard feature in the Currency Heatwave app.

This combined with 10 and 20 moving average have prompted us to sell this pair.

The first fibonacci resistance is on 129.95.

If the pair trades above 130.10, we will stop the trade in loss and re enter SELL at 130.45.

Current price at 129.77.
Trade closed manually:
Closed at 129.00

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.