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LAMBERT: An opportunity in EURJPY
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On his last trading day in 2014, Clive Lambert from FutureTechs is looking for opportunities in EURJPY.
Clive expects the market to be volatile after the US Federal Reserve on Thursday sent a strong signal to the market that is was on track to raise interest rates sometime next year in a sign of confidence in the US economy. Until now, the Fed has said it would keep rates near zero for a “considerable time”.
Clive says a topping pattern in EURJPY suggests there is a short-side opportunity. He is looking to sell below 146.80 and stop above 147.80. Clive’s targets are 145.00 and 144.00.
Non-independent investment research disclaimer