EURJPY Short

9 בנוב׳ 2018

Very comfortable taking a short at current levels. With markets jittery, oil sector sell-off, further rate hikes on the line, China/US trade deal overhanging, Brexit, Italy, Saudi Arabia. I think there are too many risk-off drivers at this time that are exhibiting pressure on the markets. Momentum picking up, with proper risk management, this could be a good trade that may ultimately break thee 127.50 level and begin a longer term bearish trend.