Differential & Intervential :) [Apr 23]

Fundamentals & Sentiment

EUR:
- Rate cut expectations differential

JPY:
- Possible intervention (Yen up)

Technical & Other

Setup: S(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: Local support
Risk: 0.36%
Entry: Sell limit

Trade closed: stop reached:

SL was hit on Apr 24. The weak US S&P PMI data triggered weakness in JPY (as it's a safe-haven relatively to EUR).