- Forex offers the possibility of high returns
- Diversification in your investment portfolio
- Forex trading offers both long and short opportunities
- Mulder FX is specialized in currency trading
- Minimum investment €100'000,-
- We have achieved very good results
- Clients have 24/7 access to their own account
Is the trading range set for the coming months in EUR/JPY? It seems that EUR/JPY is trapped between 111.50 and 115.50. Of course there will eventually be an outbreak at the top or bottom, but until then you can take advantage of the trading range.
It is very important to use the stop loss order correctly, to avoid losing a lot of money when the outbreak comes.
At this moment, Ireland holds the Euro back and prevents the EUR/JPY from being 115. Downside risk is limited, most of the bad news from Ireland is processed in our eyes. Of course the EUR/JPY can drop even, but not much more. Especially given the state of EUR/USD at 1.36. We expect EUR/USD at 1.3450 in the worst case.
Our advice is twofold:
Buy EUR/JPY at 112 with stop loss at 111.40 and take profit at 114.50
Sell EUR/JPY at 115 with stop loss at 115.60 and take profit at 112.50
Forex
