Hello traders! We just got an update from our institutional research that suggests we should expect to see continued downside on EURJPY. We got short during the London session last night just ahead of this 122.57 figure at 122.5. We had an opportunity to lock up about 25 pips of profit, but given the institutional research we are going to hold. With this pullback here it could give a chance for anyone to get in with us on this trade. We have a 50 pip stop loss just over the previous swing high at 123.00. Good luck to anyone that takes this trade!
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out with a few pips. It was good for 50+ pips and still may hit target, but I'm done with it.