Yesterday I had shorted 50,000 EUR/JPY at 167.07, place a GTC stop at 167.90, target level at 165.90.
Reason for my bullishness in JPY is the fear factor. With bad news coming up in the financial market, this creates fear. And when fear builds up, this strengthens JPY.
Currently EUR/JPY is trading at 167.13
Unrealised loss is US$38.48
Chart:
Binary Trading: Shorted 50,000 EUR/JPY at 167.07 (Review 1)