JPY fundamental scores have been weak for a while now and there's recently been a few positive pieces of news released indicating a shift, while the EUR has been showing signs of weakness. on top of all this the technical levels make taking a short here likely to be a good trade.
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The trade has moved past the 1 to 1 risk reward mark and some risk management techniques could be applied here to give up a portion of the potential reward in return for removing the risk from the trade
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This trade is going to be active through the weekend, so watch out for windows or close it towards the end of the day and re-open it when market opens.