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222 Posts Total by "shane":
208 Posts by member
Shane
(Lahore, Pakistan)
14 Posts by Anonymous "shane":
 
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Shane
Lahore, Pakistan
Posts: 209
14 years ago
Apr 3, 2010 0:30
In Thread: JPY
Lolz yields, first year in trading so much to learn. seasonal high yields means higher usdjpy. 94.20 is the go ahead signal. nothing in way till 97 as ashraf said. But who knows. i have a short audjpy position 84.50 85 , 85.80 planning to hedge it directly to save my margin. holding it is no problem except that we dont know what may happen in this market safer bet is to take profits even if its going against you and you dont get rollover fees plus its better to hold long audjpy as a carrytrade. anyways still need to see 87.50 blown away. Any brilliant ideas will help.
Shane
Lahore, Pakistan
Posts: 209
14 years ago
Feb 11, 2010 0:31
In Thread: Don't Forget the Yen
Yen strength is fundamentally not viable, for a longer rally in usd we need a much stronger yen if thats the case than we may be nearing the bottoms in major currencies for this year 1.32 in euro and 1.53 in gbp. additionally yen crosses have upheld major sp levels from last year. however we might see figure 87 in usd yen in the process. I think major sp levels in the crosses will hold and usd rally will soon come to an end. We can already see some buying intersest in major currencies from big names. dont forget that euro was in 1.6 and gbp near 2 before the last year rally and than there is no big global crises right now which can make people run towards major risk aversion.i think euro and gbp will have a long way to go up after bottoming at the above mentioned prices by Ashraf.
However its just my personal study and i can always go wrong besides i am quite new to forex.

Dear Ashraf kindly correct me. if wrong.
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