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BullBearMkt

Japanese Yen to tank this week

Long
Euro / Yen giapponese (FX:EURJPY)  
BullBearMkt  
FX:EURJPY   Euro / Yen giapponese
Trend Analysis yen yenpairs EURJPY jpy
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trendanalysis yen yenpairs eurjpy jpy
From my analysis, JPY is ready to fall and couple of currency pairs could gain while yen is taking its bite. Currency pairs to watch include: EURJPY, NZDJPY & GBPJPY. CHFJPY has led the pack already, but a pullback to support might not be a bad trade either.

My 2 targets entries for EURJPY are 121.920 and 121.360 with a stop loss placed 10 pips below June 3 low. Initial Risk/Reward is up to 1:3.
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