Greece will hold a referendum on 5 July whether to accept the Eurogroup reforms so they will not default. The Greek cabinet is also working on approving to close all banks until Friday and also the stock market. There will be big gaps tonight in all Euro pairs and crosses like EURUSD and EURJPY for example. The gaps means the stop will not hold. Traders that have positions in the Euro over the weekend and the gap will be against them are going to lose a lot of money and some will probably come here to complain. You should know this is their fault for not checking the news. I a created another thread on this but it is extremely important many traders will know this.
The Euro could gap higher because capital control measures often strengthen the currency. The problem is the tension with Greece but I wouldn’t be surprised if the Euro gaps higher first before falling down.
This was the opening price of EURJPY. Where did you 160 pips? Oh, you think I am making these numbers? lol The Forex market opens before 21:00 GMT my friend.
Im getting my price from fxempire and xe.com, both show opening price of c 1.1160 dropping to c1.1000.
Dont take things so personally, I would love 300 pips seeing as im short on this pair