[ad_1]
EUR/JPY is up 70 pips at present however Citi thinks it is time to fade the pair.
“We’re going quick EURJPY at 142.55 with a minimal goal of 137.85-138.20 and a attainable extension in the direction of the 200-day MA at 132.54,” analysts at Citi mentioned.
In the event that they preferred it at 142.55, they’re going to prefer it even higher on the present stage of 143.40. Their cease loss is at 144.30.
The commerce is a technical one as they observe:
- A possible double high type
-
A shorter time period double high full
-
A really clear night star formation full
- A small bounce again at present holding good ST resistance
h/t @priapusIQ
[ad_2]