Pick of the Day: EUR/JPY

Even after the BoJ announced the end to their quantitative easing policy the EURJPY remained range bound. So we’ll look to do a support/resistance play. If the trade does not hit by 8:00 am EST tomorrow please cancel any entry orders.

Short at 141.30

Stop loss at 141.55

First Profit Target at 141.20

Second Profit Target at 141.00

OR

Long at 140.00

Stop Loss at 140.80

First Profit Target 140.10

Second Profit Target 140.20