Comments on: NFP Fridays usually risk-off events; GBP/JPY worth watching closely

By: Sean Lee

Sean Lee — Sun, 04 May 2014 21:30:13 +0000

Many apologies Charles, looks like your comment was from Friday pre-NFP and I missed it. Hope you survived intact!
I’m based in Sydney.

By: Sean Lee

Sean Lee — Sun, 04 May 2014 21:21:17 +0000

Hi Charles, I haven’t been trading this pair and don’t have a strong feel for the important levels. The trend is still solidly bullish. You are ‘only’ 50 pips in the money on a medium-term trade so I would personally raise my stop to break-even (or close to it) and hope that the up-trend recommences. Maybe leave some floating sell orders 100 pips above the mkt if you are unsure whether your preferred target will reach

By: Charles

Charles — Fri, 02 May 2014 10:08:51 +0000

Hi Sean, I bought gbp/jpy with an average price of 171.89 for a target of 174.21….should I hold? I trade weekly so as my target has not reached today I am inclined to take profit and then re-look at again on Monday. I only trade this pair.

By: Sean Lee

Sean Lee — Fri, 02 May 2014 06:51:09 +0000

Better to wait Roberto imho than partaking in the great NFP lottery. Too much chance involved in these risk events

By: Roberto

Roberto — Fri, 02 May 2014 02:28:29 +0000

Good morning Sean. Don’t yoy think the actual level in GBP/JPY is high enough at this level nearing 173 in advance of NFP?Or you think selling after NFP could reward better?