EUR/JPY LONG – Smart Online Trader – Daily Market Commentary

In today’s Smart Online Trader trading review I will detail some ideas on how I can profit from the EUR/JPY long side using a limit order technique. The EURO has been doing very against the Yen since the lows at 127 during 2022 and the price which is currently at 163 represents an increase of around 25% which is an astonishing move for a currency that is considered by may to be an artificial creation and something that should be abandoned. Of course, much of this is about JPY weakness rather than EURO strength. In today’s DMO I will take a long trade and look for the final push towards the 166 area, active traders could introduce their trade in parts and add some in on a limit order basis.