Staying Short EURJPY

Published June 1st, 2009 - 06:04 GMT
Al Bawaba
Al Bawaba

My picks: staying short EURJPY, against 137.55, target below 124.37
Expertise: Technical
Average Time Frame of Trades:
 



The only trade I remain with right now is short EURJPY with a stop at 137.55.  The reason for this trade was the 5 wave decline from 137.41.  As long as price is below there, then the larger trend is considered down and there is considerable bearish potential (below 124.37).