Comments on: USD/JPY: Barrier defence still in play at 97.00 https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/ The Professional Source Thu, 02 May 2013 03:43:50 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20436 Thu, 02 May 2013 03:43:50 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20436 I’m biased Nachiket, I still think the AUD falls further but it might well have a short-term base at 10225. As for EUR/AUD, when it goes it will fly high very quickly so I’m not willing to jump off yet. I’ve got a very nice position now and can afford to be patient, which is nice 🙂

]]> By: Nachiket https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20434 Thu, 02 May 2013 03:28:00 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20434 sean,

do you think we might be in for a short term bottom on aud/usd? there is talk of stimulus coming out of china. as fas as eur/aud goes, well done on your trade but that too looks toppy to me

]]> By: Sean Lee https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20433 Thu, 02 May 2013 03:03:31 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20433 Thanks Kirill. You make a good point, its important to look back at other crosses.

]]> By: Sean Lee https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20432 Thu, 02 May 2013 03:01:21 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20432 Sorry Marco, no definite idea, but its fairly new structure and I’m sure its on for a couple of months at least

]]> By: Sean Lee https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20431 Thu, 02 May 2013 03:00:03 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20431 Yes George agree, usually see quick spike lower, then short-sellers cover so we get quick spike, then lower again. I’ve never studied the big barriers exactly but something like that usually happens. 9580 double top neckline is important lvl so sure to be tested if 9700 breaks imho

]]> By: Kirill https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20429 Thu, 02 May 2013 02:41:29 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20429 In reply to Sean Lee.

> my 2c on chf. Overall it rhymes with behavior of pre peg days. Eur/chf is a canary saying that all not well in euro zone, while the rest of the world is oblivious and still byuing eur/usd… Another canary: the last time aud/nzd was below current levels were also in an interesting 2008… If above observation has anything with reality, short eur/usd Could be a better trade. Though if pegs truly holds it is the same as your favorite chf/usd.

]]> By: Marco https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20428 Thu, 02 May 2013 02:25:12 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20428 Hi Sean, any idea of when the DNT expires?

]]> By: George https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20427 Thu, 02 May 2013 02:19:30 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20427 Sean, What if 97 breaks — do u see a quick pop down to 95.8

]]> By: Sean Lee https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20425 Thu, 02 May 2013 01:42:40 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20425 Hi Rui, I’m bit the same, my excellent EUR/AUD trade is paying for my rubbishy USD/CHF trade 🙂 I must say I’m bit worried about my USD/CHF trade as I simply don’t understand what’s happening at the moment. I’ll keep it fairly small until the lights come on or I decide to stop out of it.

]]> By: Rui https://fxww.com/usdjpy-barrier-defence-still-in-play-at-97-00/#comment-20423 Thu, 02 May 2013 01:24:04 +0000 http://fxww.dreamhosters.com/?p=7446#comment-20423 Good morning Sean, just bought 10 lots at 97,16 and sold them right now for a quick 20 pips profit. I need some quick cash to throw at my usd/chf black hole! 🙂 I am looking also at eur/chf levels. I am a buyer again at 1,22.

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