SaxoTV
Lambert: Two month low for EURJPY
158 views
With the euro hitting a two month low against the yen, Clive Lambert from FuturesTechs expects the euro to continue to move lower against the yen.
Comments from Mario Draghi last Thursday increased speculation about ECB QE which caused the euro to fall against a basket of currencies. The EURJPY currency pair broke below an important technical and psychological level at JPY 140.00 on Tuesday.
Ahead of possible ECB actions next month, Clive is looking to sell around JPY 139.80 and JPY 139.90. His targets for the trade are JPY 138.80 and JPY 137.90. A stop can be placed at 140.30.
Disclaimer
Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.
Please read our notification on