Comments on: USD/JPY: Covering shorts at 98.10 https://fxww.com/usdjpy-covering-shorts-at-98-10/ The Professional Source Tue, 06 Aug 2013 10:02:22 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25641 Tue, 06 Aug 2013 10:02:22 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25641 China selling USD/JPY in recent trade according to 888

]]> By: Papillon https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25640 Tue, 06 Aug 2013 09:36:51 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25640 That seems a nice plan, on the technical side we have a triangle on USD/JPY 98.00/100 (see chart), could be interesting to play with these parameters ?

http://img850.imageshack.us/img850/9982/pd3q.jpg

]]> By: Sean Lee https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25636 Tue, 06 Aug 2013 08:29:13 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25636 Agree papillon, wait n see if it breaks then start buying dips imho. Otherwise leave alone and maybe try re-sell usd/jpy 9950?

]]> By: Papillon https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25634 Tue, 06 Aug 2013 07:48:42 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25634 In reply to Sean Lee.

Thanks Sean, ok I will focus on this pair, my last trade on AUD/USD were positive 😉 . On the technical side, I guess we have massive resistance at .9000 (previous support)/.09015 (Fibio retracement) – see chart ??
http://img22.imageshack.us/img22/4126/xnd3.jpg

]]> By: Sean Lee https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25633 Tue, 06 Aug 2013 06:51:00 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25633 Agree Susanna, also need to keep eye on positioning in case we get August squeeze. But at this stage, sideways stopping everyone out is certainly looking likely

]]> By: Sean Lee https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25632 Tue, 06 Aug 2013 06:49:36 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25632 Unlucky Papillon, missed by few pips 🙁 Watch AUD/USD closely I think, might be worth buying at some stage

]]> By: Papillon https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25626 Tue, 06 Aug 2013 06:07:57 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25626 Hi Sean,

My order has not been filled at 97.80 for this overnight. I just covered at 98.38, I book +109 pips :-). Lets try other sell rallies for this pair near 100.00 ??

]]> By: SFellner https://fxww.com/usdjpy-covering-shorts-at-98-10/#comment-25625 Tue, 06 Aug 2013 05:51:02 +0000 http://381c099c8f.nxcli.net/?p=9991#comment-25625 We might get some triangle consolidation for the rest of the month in the yen crosses. I think September used to be bad for equities (correct me if I’m wrong) and I think we’d need some S&P500 losses for breaking the summer ranges in USD/JPY. Otherwise this has been a swing trader’s dream the last month or two.

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