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EUR/JPY Trade.

EUR/JPY This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency) is valued in terms of JPY (the 'counter currency). The Yen is a historically low-yielding currency, making it an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding assets, including EUR. Investors tend to take advantage of carrying trades at times of optimism about global economic performance and stability; they shun them during market stress. Therefore, this makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair may likewise find volatility in news-flow related to the Eurozone debt crisis or the extraordinary anti-deflation policy efforts from the Bank of Japan introduced in 2013. For the second day in a row, the price of the EUR/JPY currency pair is moving in an upward rebound range with gains to the resistance level of 142.38. The move was a recovery from selling operations that pushed it towards the support level of 141.40. The rebound came amid new demand for the Japanese yen. The euro is still under pressure from expectations of economic recession due to fears of a total cut of Russian gas to the bloc. Therefore, I still prefer to sell the EURJPY from every bullish level. Trade Position. I trade in EUR/JPY today. The EUR/JPY market trend is looking upward. It buys my trade at 142.13 with a lot size of 0.90. Now my transaction is running in a profit of 16.43 dollars. I hope I will get a good profit from this trade.

Exchange Rate.

Trade Close. Now I stop my EUR/JPY trade at 0.8694 and have a profit of 12.02 dollars from this trade. The EUR/JPY price is moving the market trend upward.

Take Profit = 12.02