A short position in EUR/JPY pair is initiated based on overall over extension both in EUR/USD pair and in USD/JPY. Thus the total weakness of the Japanese Yen can be easily reversed if one of the major pairs above retrace back to its MAs.
Trade closed: stop reached
Stop Loss reached on 18.09.2017.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.