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Posts by "eelman"
99 Posts Total by "eelman":
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Posts by Anonymous "eelman":
Hey Pipster
I am actually viewing gbp/jpy as being in a slow recovery/uptrend at this time. After a considerable selloff, it has managed to close above its 10 day sma for a week now, and has more recently been maintaining closes around the 20 day sma. Also keep in mind current strength in usd/jpy, which may continue because of the fed discount rate hike. Of course I could be dead wrong but...I think it may recover to 144.50 - 145.00 area, and I will be looking to get short then.