Dealers report some sizeable stop-loss sell orders below 128.65 and it looks like the market is currently targeting that level.
The low so far has been 128.90 after opening around 129.20.
it broke the wedge.potential to move much lower.
Looks like there might be some bids near 12870 and interbank guys have their stops below there
invaluable information sean, thanks
its a tug of war. i went in short for a small amount with tight stops. target to move out at 128, if it permits 😉
Typical Friday markets, squeezing out weak positions before the weekend
Good evening Sean,
We have broken the wedge pattern. I am tempted to add at this level ?
> I have taken my profits at 128.64. It’s good for the soul 😉
what do you know, i put a stop @129.3 and it got stopped. the very next moment, 100 pips down. sums up my week.
Hi Sean, shall we still stay short CHF? What your opinion, something changes? thanks
One wins one loses, such are the vagaries of the mkt.
I think stay short Cozmin, we havent seen the big move it, at least in medium term
> I didn’t build my position on this trade. I really lack of experiences to building position, this is my next step. Anyway, your AUD/JPY trade idea (last week) served me very well for EUR/JPY, thanks Sean 😉
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