The EURJPY trade that failed last week around the ECB news conference has bee re-opened. The entry remains valid and the risk reward is still good. (see market compass euro crosses) With GBP inflation data due today I held off opening a new GBPJPY trade and decided to wait to see that data first, falling inflation would negate the prospect for a trade.
Should the EURJPY trade with the german ZEW data later today I will look at the EURUSD short trade identified in the 'trading this week' section.
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