Comments on: EUR/JPY: 200-dma capping for now https://fxww.com/eurjpy-200-dma-capping-now/ The Professional Source Tue, 01 Jul 2014 11:08:07 +0000 hourly 1 By: Sean Lee https://fxww.com/eurjpy-200-dma-capping-now/#comment-72655 Tue, 01 Jul 2014 11:08:07 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72655 Hi Charles. The ‘easy’ money if there is such a thing has already been made in GBP and now it gets riskier. EUR/GBP will almost certainly fall to 75ish imho but whether this happens through a 180 cable or a 130 EUR/USD, I really am not sure.
But overall I think it very unlikely that we will see a big USD upswing so buy any 300/400 pip cable dips for 180+ test

]]> By: Charles https://fxww.com/eurjpy-200-dma-capping-now/#comment-72635 Tue, 01 Jul 2014 10:35:01 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72635 Sean, i remember maybe over a year ago you were sounding the bells on GBP appreciation across the board. You seemed very very confident in a way stronger GBP. Now that we’re up here (1.7130 atm) what are your thoughts in the next year or so?

It’s just very hard to tell right now isn’t it? I mean it could rally to 1.8 the way things are going, or something unexpected that we aren’t seeing could happen and can cause dollar buying across the board…. curious as to what your thoughts are. Thanks.

]]> By: Ray https://fxww.com/eurjpy-200-dma-capping-now/#comment-72605 Tue, 01 Jul 2014 09:51:30 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72605 Ok thanks Sean. Really struggling to read this slow market and at times exasperated. Your views are always very much appreciated. Thanks a lot.

]]> By: Sean Lee https://fxww.com/eurjpy-200-dma-capping-now/#comment-72600 Tue, 01 Jul 2014 09:48:41 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72600 I’m hearing same Ray, long positions at very mature levels. But, market is not exposed elsewhere and is desperate for some sort of return so maybe these positions could get bigger yet? I find it very hard to read slow markets, always have

]]> By: Ray https://fxww.com/eurjpy-200-dma-capping-now/#comment-72598 Tue, 01 Jul 2014 09:45:31 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72598 Thanks Sean. Aren’t long gbp positions at relatively extreme levels now so a pullback will be healthy and in sight? Looking at it surge more again now seems like more have piled in further long positions.. Definitely not attractive to buy at such levels like you mentioned

]]> By: Sean Lee https://fxww.com/eurjpy-200-dma-capping-now/#comment-72592 Tue, 01 Jul 2014 09:38:59 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72592 Must confess Ray that I’m finding it very hard to get a strong feel for anything in these slow markets. Almost impossible to sell GBP in the current environment until we start getting some clues from the market that it’s overdone. But, very hard to buy in at these levels. We have no choice imho but to be patient and sit back waiting for dips.

]]> By: Ray https://fxww.com/eurjpy-200-dma-capping-now/#comment-72585 Tue, 01 Jul 2014 09:35:38 +0000 http://381c099c8f.nxcli.net/?p=12872#comment-72585 Hi Sean, how about gbpjpy? What’s your view in that pair since it is back in the 174-174.50 resistance zone. Good for another trip back down or break out this time round?

Also, Cable is still surging so do you see any dips for it to say back to 1.7 for a long? Thanks.

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