Comments on: EUR/JPY: Fresh longs in play

By: Papillon

Papillon — Tue, 27 Nov 2012 07:00:11 +0000

ok, I am waiting to assess the mood.

By: Sean Lee

Sean Lee — Tue, 27 Nov 2012 06:33:01 +0000

Lot depends on early European trade Papillon, that should show us how traders over there take the Greek deal news. If it doesn’t go up in first few hours then it might struggle to hold up at these levels? That’s my feeling at moment tho as always subject to violent change 🙂

By: Papillon

Papillon — Tue, 27 Nov 2012 06:08:55 +0000

Nice to see, you are spot on. From my side, i’m looking at a entry level for EUR/USD, for instance at 1.2940 with a small position.
What do think with that ?

By: Jones

Jones — Tue, 27 Nov 2012 06:00:53 +0000

Thanks Sean. Sounds like a good trade. I’ll jump in once the volume increases.

By: Mike

Mike — Tue, 27 Nov 2012 05:59:55 +0000

yes, just feeling, E/YEN is rising, but more due to YEN weakness.

regards,

By: Sean Lee

Sean Lee — Tue, 27 Nov 2012 05:55:56 +0000

Fat fingers today, having a shocker and this damned autofill… Been bearish

By: Sean Lee

Sean Lee — Tue, 27 Nov 2012 05:55:00 +0000

I’m certainly not sure at all on timing but I think mkt has beebread bearish EUR for too long now and the Greek decision might cause an end of year change of heart. The yen leg is less clear but I’m simply jumping on a bandwagon and hoping vol continues as then I’ll get lots of chances to trade up n down

By: Jones

Jones — Tue, 27 Nov 2012 05:47:43 +0000

Sean, any particular reason behind this?

By: Mike

Mike — Tue, 27 Nov 2012 05:24:34 +0000

for one leg, JPY weakness seems still have room

for another leg, EUR may slide very soon

Good luck.