I personally don’t like this trade much as its against both my USD/JPY and AUD/JPY positions but it takes lots of ideas to make a market!
The Guru has gone short EUR/JPY at 99.59 with a fairly tight stop above session highs and a minimum 40 pip profit target, with potential for a 100 pip move. He bases his calls on short-term technicals and market flows.
(Out of his last 10 ideas, he got two wrong, one was flat and the other 7 were winners. I think this is the first time he’s traded EUR/JPY but I might be wrong. He usually trades AUD and NZD).
