Comments on: AUD/USD: Latest bids filled and it still looks heavy. USD/JPY nearing technical resistance. https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/ The Professional Source Thu, 20 Jun 2013 08:24:16 +0000 hourly 1 By: ExpatWatcher https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23547 Thu, 20 Jun 2013 08:24:16 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23547 AUD will bounce from somewhere – but sellers a plenty on rises. Gold is looking horrible and seems inevitable we break April lows.

Only pair for AUD I like long is AUDJPY …. think the Bernanke and Abenomics trains might help the cross bulls – we also rose out of fibo support from under 90

]]> By: Sean Lee https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23544 Thu, 20 Jun 2013 08:02:51 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23544 Really not sure Chris, my thinking tends to be a bit muddled when I’m on the wrong side of a trade, like the AUD currently, sorry not of much help

]]> By: chirs https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23542 Thu, 20 Jun 2013 07:49:02 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23542 yeah thought the same put SL, in around 9180

what dog you think about eurjp? i thought selling around 130-129,90, but could it be that we have seen the lows in usdjpy and eurjpy already and wil head towards new high?

]]> By: Sean Lee https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23540 Thu, 20 Jun 2013 07:45:16 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23540 Hi Chris, I will get out of 3/4 below 9190, then lick my wounds and reassess

]]> By: Brijesh https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23539 Thu, 20 Jun 2013 07:45:12 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23539 Disagree a bit here. Apart from other reasons, I think Abenomics really changed the ‘Yen safe haven’ story, though the flows will point to it for near term. But it seems to be best trade with Abe wanting weaker yen and US looking good + repatriation. As always, I could be very wrong.
BTW, I am looking at GBP short with 57 stops. I hope I get a decent bounce to see into.

]]> By: chris https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23538 Thu, 20 Jun 2013 07:42:59 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23538 hy sean,

im also long in audusd, as i hope technical support will hold, as we are oversold in all other pairs against usd too.
so where do you put your sl in audusd?

]]> By: Sean Lee https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23537 Thu, 20 Jun 2013 07:25:21 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23537 Hi Brijesh, recent moves by hedge funds to dump assets across all mkts led to the big rise in the Yen and I don’t think these moves are done yet. Therefore overall bearish USD/JPY but think its safer to sell USD against AUD or GBP, if can find right level. That’s a very big IF

]]> By: Brijesh https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23535 Thu, 20 Jun 2013 07:17:52 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23535 Hi Sean, I found it curious that you are bearish on USDJPY. The traditional risk-off benefit for Yen may not materialize in the changed context. And with BOJ looking for fresh stimulus and hugely beneficial shift in interest differentials in favor of USD; all in all I think it should be bullish UJ than the other way round.
Any thoughts?

]]> By: Lio https://fxww.com/audusd-latest-bids-filled-but-it-still-looks-heavy/#comment-23534 Thu, 20 Jun 2013 07:07:56 +0000 http://381c099c8f.nxcli.net/?p=8750#comment-23534 AU is just a bit crazy … A big candidate for a correction but hard to get the good timing. What’s your stop on that one ? I shorted (light) EURAUD at resistance (4350) seems this one can be a runner if Aussie begins to make his move.

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