As euro has rebounded after finding support at 130.62, suggesting as long as this level holds, further consolidation would take place and another corrective rise cannot be ruled out. Above 132.04/07 (yesterday’s high and 50% Fibonacci retracement of 134.29 to 129.84) would bring stronger retracement to 132.59 (61.8% Fibonacci retracement…

Read the original:
Trade Idea: EUR/JPY - Sell At 132.50, O.C.O. Sell On Break Of 130.60

As euro has rebounded after finding support at 130.62, suggesting as long as this level holds, further consolidation would take place and another corrective rise cannot be ruled out. Above 132.04/07 (yesterday’s high and 50% Fibonacci retracement of 134.29 to 129.84) would bring stronger retracement to 132.59 (61.8% Fibonacci retracement…

Here is the original:
Trade Idea: EUR/JPY - Sell At 132.50, O.C.O. Sell On Break Of 130.60

Personal income is expected to have risen +0.1% mom in August after a flat reading a month ago. Although employment continued to decline, rise in average hourly earnings as indicated in August payroll report suggested modest incomes in private wage and salaries. Personal consumption possibly grew +1.1% mom following at…