EUR/JPY on Focus

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Currency forecast, June 19th
Currency forecast, June 19th

So far so good, as we saw more or less the payroll numbers as expected and it boosted the stock market and the EURJPY and USDJPY too. Today I would expect the first take profit takers and close the long USDJPY and EURJPY positions, keep the EURJPY flat and go short tiny USDJPY (I would expect the USDJPY to move down to 97,50 and to take out small stops).

EURUSD could move down to 1,3180-1,3190 and then I would see a small turnaround to 1,3220-1,3230.

All in all I see the currency pairs today withing a 50 pips range. (no important numbers out today, start of summer, no big news out, …)

Also the stock market should end more or less unchanged (I would expect the DAX and DOW to close with a change of -0,1 or -0,2 percent)

I will look up what will be important for this week and give more information about it tomorrow. If you really like to get involved in today’s tiny market moves, play the range in EURUSD 1,3185/1,3215 , USDJPY 97,60/98,00 I would say.

Current trades, positions and levels:

EURUSD Current last trade P/L (mtd) P/L (ytd)
Sell (Entry lvl) Target Stop position
flat flat

USDJPY Current last trade P/L (mtd) P/L (ytd)
Buy (Entry lvl) Target Stop position
Sell here 97,50 99,10 1Long S @ 98,10 +200 pips

EURCHF Current last trade P/L (mtd) P/L (ytd)
Buy (Entry lvl) Target Stop position
flat

USDCHF Current last trade P/L (mtd) P/L (ytd)
Buy (Entry lvl) Target Stop position
flat

EURJPY Current last trade P/L (mtd) P/L (ytd)
Buy (Entry lvl) Target Stop position
Take profit flat S @129,80 +230 pips