Long Euro and US Dollar against Japanese Yen
I like the EURUSD position as long as we remain above $1.30, and the USDJPY position remains in force as long as the pair trades above ¥76. Profit targets start at $1.3165 on EURUSD and ¥80 on the USDJPY.
These trades imply a target of ¥105.30 on the EURJPY.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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