Flows and Orders/JPY crosses/Trade Ideas

EUR/JPY: Intraday flow guy goes short

Normally the information from this source is quite good. He’s looking to initiate shorts around 125.50 as he expects some selling flows during Tokyo trade. He thinks we may see 124.00 quite soon. Let’s monitor this one and see how good he is.

  1. the 38.2 fibo of yesterday’s swing down is at 125.65. this pair touched 125.53 today, pretty close. The PA after that has been constructive for a further tilt to the downside. I’m staying with this trade.

  2. Sean, your flow guy got it right. 124.70 printed and dropping. All we needed was a little patience :-). I’m in this for a long trip, minimum 124, maybe even down to 120 next week if we’re lucky.

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