USDJPY trade update

Temporary switched from USD into EURJPY

• My view on JPY hasn’t hanged but tactically switched into EURJPY for now as the USDJPY is struggling above 114.
• Took EURUSD on board in the 1.1770 area running into the ECB tomorrow, when USDJPY was trading 114.15.
• I’m putting a close stop on the trade sub 133.90 to guarantee profit on the original 112.55 position.
• I might take it off ahead of ECB tomorrow if we get a run up to 135.
• If the EURJPY stop gets hit, I will have banked about 120 points on the original trade plus some 1 week positive carry.

EURJPY H1 25.10.2017

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K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here

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