After noticing that yen crosses "are holding up", London based trader Clive Lambert, from FuturesTechs, is planning to buy a break higher in euro yen.

He intends to buy on a break through 142.00-10, targeting 143.40 then 144.30.

Clive explain euro yen is travelling higher in a channel but is currently being weighed by a Marabuzo resistance at 142.05. He believes that if this can be cleared, there is scope for further upside.

Clive's decision follows a "busy few days" on the markets, due to the political situation in Ukraine and also thes week's FOMC meeting. 

Disclaimer

Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.

Please read our notification on

Non-independent investment research disclaimer

Full disclaimer