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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
Thank you for your opinion.
BTW: The up and down of the EUR/CHF the last weeks was my best CFD FX performance ever. Maybe it can happen a second time, and even better prepared.
As you've seen for the past few weeks, you'll notice 3-4 spikes i think they are quietly making calming the yen. as u can see for the past 1 mth, support level is up from 76.28 to 76.42 to 76.69 and now 77.02 .. hopefully this gives a good indication. You may say because this is partly due to the strengthening of USD (which is true also).
in simple reality, we're already nearing a HISTORIC low of yen. It's quite obvious whether u want to be on short side of the boat worrying being knocked down whenever CB acts or the long side of the boat to ride the long awaited. Scalping does help too but overall keep the long readily available.
Its interesting how the eurchf move has effected all pairs.