EURJPY - We look to Sell at 113.47

Pia-first Team PIA-first

EURJPY - We look to Sell at 113.47 (stop at 113.87)

EURJPY - Broke the sequence of 5 negative daily performances. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. The medium term bias remains bearish. Expect trading to remain mixed and volatile. The move higher is mixed and volatile, common in corrective sequences. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 113.47, resulting in improved risk/reward. Our profit targets will be 112.50 and 112.30.

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Pia-first Team

PIA-first

Our analysis service is provided by 4 market professionals who have between them spent 85 years in investment bank and professional firm dealing rooms as traders, salesmen and analysts.

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