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Don't Forget the Yen
Much ado about USD rebounds during falling markets, but JPY strength still outperforms USD.
Some advice please if you have time ... I'm currently holding quite a bit of JPY as cash. As we know JPY has been taking a pasting for the last few weeks. Is a pullback likely and when do you think. Should I switch currency and to what and at what price? Yours confusedly.
thats my opinion
when yen reaches 92.37 wait for a pullback at 93.18-13 to initiate a long position
actually iamnot trading
My limit for 93.17 was hit. For now I am flat on all accounts except a small long position in the Boy Toy eur.gbp. I am looking to reload long usd.jpy and short eur.usd at some point. I am going to spend a bit of time calculating my entry points.
I cannot tell you what it felt like to be "long to the gills" in usd.jpy, averaging big time while it was faltering to 92.14 just ten hours ago, and then to actually be looking at the one and five minute chart as Finance Minister Kan spoke the magic words. The spike on the charts real-time was something to behold. usd/jpy staggered a bot between 92.60 and 92.80, but then punched through again on the upsdide to take out my limit orders.
Good trading to you...
CAD/JPY daily chart looks very interesting with the double top from aug 7th. Keeping in mind there was similar situation on the both pairs, CAD was showing strength and JPY was weak across the board, particulary on that day, that was the peak for the both pairs against many currencies. In my belief i hold that chart can "sometimes" predict upcoming events, so in this case it would mean going short on CAD/JPY. I know it sounds 'bit creazy to go short right now when strong (CAD) is getting stronger and weak (JPY) is getting weaker especially after new fin. minister coments.
I would be nice to hear Your view on this pair, and what events could prompt sell of in CAD/JPY ?
Thank You
b.
WE ARE GONNA MOMENTARILY BREAK THE ONE YEAR REGRESSION LINE?
ROUGHLY 50 PIPS UP ON USDYEN. BUT WE ARE APPROCHING THE RESISTANCE
Here comes 95!
I am thinking to go long into USDJPY and i am waiting to go in at the 90.50-91 range. Do you think this is feasible since u have mentioned JPY to weaken further currently. If not, what do you think is a good price to go long into USDJPY?
Thanks.