Comments on: EUR/JPY: Still like 117/120 consolidation range

By: Ivory

Ivory — Wed, 16 Jan 2013 09:46:14 +0000

I beleive 37 is quite possible but I plan to close most longs somewhere between 35 and 3650. Actually the question of cliff and debt may keep EUR strong till the elections in Germany so we may see very tight trade here during all of the first half of the year.
There is another possibility to see even higher figures, but it would cost EZ new strong crisis.

By: Sean Lee

Sean Lee — Tue, 15 Jan 2013 19:57:06 +0000

Yes I think so, mainly will happen through CHF I think ie USD/CHF at 1.00 again and EUR/USD at upper end of range near 135??

By: Ivory

Ivory — Tue, 15 Jan 2013 16:26:28 +0000

That’s so ordinary.
I guess your CHF/JPY could sink even lower.
While 35 seems to be a bold claim. That means EUR and CHF supposed to go different way against the greanback.

By: Sean Lee

Sean Lee — Tue, 15 Jan 2013 10:23:06 +0000

Well you know what happens to well laid plans Ivory? They often don’t turn out so well but that’s what makes this biz so interesting. I think we will see 135 in EUR/CHF in next 3 months, but I’ve been wrong before on the odd occasion 🙁 . If EUR/JPY dips to 116/117 then I’ll take profit on the CHF/JPY and concentrate on the EUR/CHF, or something like that

By: Ivory

Ivory — Tue, 15 Jan 2013 10:12:05 +0000

Very nice plan, Sean. EUR/CHF gains might be slow till there are several barriers up there. Nevertherless, the region under 100 seems to supply good resistence.