Trading Outlook – EUR/JPY

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Originally updated: 06:53am

Status: Pending

Trading period: SHORT

Currency pair: EUR/JPY

Entry: 142.85-143.00

Take profit: 141.85

Stop: 143.20

Sentiment: Bearish

Market Focus: In today’s trade set up we will be focussing on selling opportunities on the EUR/JPY.

Fundamentals: Asian shares plunged lower today as investors switch to a risk averse stance, this after oil plunged 5% yesterday and Greece’s political uncertainty about leaving the eurozone weighs on the minds of many. Still in the spotlight is the ECB’s woes of trying to fight off deflation, with many thinking they will initiate QE later this month.

Technicals: I am looking for selling opportunities on any decent rallies today, with a decent resistance area eyed out at 142.85 area.

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Source:: Trading Outlook – EUR/JPY

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Jarratt Davis is the world’s ranked #2 (2008-2013) Forex Trader by Barclays FX Hedge Index, following years of mastering his art as a self employed trader Jarratt has now entered the field of education and delivers the most robust Forex education package on the market. Jarratt’s mentorship is one of the only programs on the market that is conducted by a verified professional trader. Forex Alchemy readers can get the FREE mini course where Jarratt gives away some of his secrets to success by Clicking Here... [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

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