I AM LOOKING TO SELL THIS PAIR AS WE HAVE A MAJOR DOWN TREND ON LARGER TIME FRAMES. PRICE HAS BEEN REJECTED BY MAJOR TREND LINE ABOVE AND SHOULD CONTINUE TO FALL. WILL BE LOOKING FOR A 120 PIP AND A 40 PIP RISK. THIS TRADE IS VERY SIMILAR TO THE CHFJPY IDEA I GAVE A FEW MINUTES AGO. I AM ASSUMING THAT MOST SECONDARY JPY PAIRS COULD POTENTIALLY FALL, PRIMARY PAIRS DO PLAY A FACTOR INTO THIS JUDGMENT. TRADE WITH CAUTION AND ALWAYS CONDUCT YOUR OWN ANALYSIS.
J MADRID
J MADRID