JPY crosses/Trade Ideas

‘Swingy’ markets likely to continue

I wouldn’t be looking for any huge trend moves in these markets and I think it’s better to wait for clear oversold and overbought conditions (preferably near technical levels) and then enter with 50/60 pip stops looking for 150/200 pip profits.

Japanese semi-official names supposedly buying dips in the Yen crosses so that’s something else to watch out for.

  1. hy sean,

    booked my eurjpy profit, with 90 pips a little bit to early,

    how do you think will the eurjpy / usdpy develop?

    are we going to head lower this week and form new lows, or is this a good point for the market do develop a new ascend towards 103 and higher? usdjpy kicked of the 100dma

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