Originally Updated: 06:50GMT
Currency Pair: USD/JPY
Sentiment: Short term bearish
Market focus:
Today we will be looking for selling opportunities on the USD/JPY.
Fundamentals:
Investors looked to haven assets late yesterday as news that the first case of Ebola had been diagnosed in New York City. This saw equity futures and the USD/JPY sell off.
Technicals:
We have a nice confluence zone at 108.15-108.25
Stop could be placed at 108.45
First take profit 107.70
Second take profit 107.40
Trade management: After target 1 hit stop loss could be moved to breakeven
Currency Pair: USD/JPY
Sentiment: Short term bearish
Market focus:
Today we will be looking for selling opportunities on the USD/JPY.
Fundamentals:
Investors looked to haven assets late yesterday as news that the first case of Ebola had been diagnosed in New York City. This saw equity futures and the USD/JPY sell off.
Technicals:
We have a nice confluence zone at 108.15-108.25
Stop could be placed at 108.45
First take profit 107.70
Second take profit 107.40
Trade management: After target 1 hit stop loss could be moved to breakeven
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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