SwissTrader2

EURJPY - A way to protect against Greek turmoil

Short
FX:EURJPY   Euro / Yen Japonais
0
Japan outlook is improving and the Yen provides protection in case of market turmoil. The risk is that a deal is signed or or a "Yes" vote at the greferundum. However even in the case of positive news this weekend in Greece, the euro strength should be short lived due to its inverse relationship with the European equity markets. Reason why I keep the stop far away.

I would enter short at the 50% Fibonacci level at 137.90.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.