Following the U.S. economic releases today the euro was strong and the yen was not. A EURJPY long was taken, with the trend, as price began to break to the upside.
Price moved up to test its high from yesterday, then through the 165.00 figure and up to our target at 165.13 where the trade was closed.
Tomorrow’s economic news releases are fairly light. Oil is likely to be a focus. There could be some good trading opportunities… keep it simple.
Good luck with your trading!
