With EURJPY trading within range of the six-year high reached last Thursday, Steve Lucas from 3c Analysis is looking to sell the currency pair. A shooting star pattern was formed after EURJPY hit EUR 148.96. Trading proceeded lower and ended a sequence of higher daily lows last Friday. Sellers have returned to the markets in Asia, signaling further losses for EURJPY.

Steve is looking to sell at the market and at EUR 146.88. He is expecting a move lower to EUR 145.59 and then EUR 145.15. A stop can be placed at 147.40.

Join the conversation below to be a part of the social trading experience.

Disclaimer

Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.

Please read our notification on

Non-independent investment research disclaimer

Full disclaimer