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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
japan is down 6.6%, Shanghai HangSeng -3.3% , Shanghai -1.7%
Ashraf
We still long on USD/JPY, sure we try some daily trades on USD/JPY all prices below 82.00 and sell them for 20-25 pips targets but our main entry level is about 82.00 and we are not planing to exit short time. I am not a technical analyst but, as fundamental we are realy bullish on this currency...
Thank, Regards
Ali Kazim Oz
AUDUSD hrly stochasics remain in a clear negative crossover. DO NOT UNDERESTIMATE the effectiveness if central bank interventions in shaking off the weak and overleveraged participants in FX. Therefore, if you are finally convinced that the major resistance in AUDUSD and GBPUSD stands at 1.0190s and 1.6350s, then it is no point for sellers of these points to receive a margin call below these levels. While it does not necessarily mean that cable and Aussie will both reach this level
Ashraf
Ali Kazim Oz