Euro / Japanese Yen
Short

EURJPY Breakout and Potential retrace

1 240
Hey Traders, in the coming week we are monitoring EURJPY for a selling opportunity around 144.8 zone, EURJPY was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase, if we get decent pullbacks i will consider a retrace of the trend around 144.8 resistance zone. i would also consider the trade due to potential JPY strength that is expected with the major change expectations with BoJ in term of monetary policy.
Trade safe, Joe.

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