Comments on: USD/JPY: Every analyst seems to be super bullish

By: Johanes

Johanes — Mon, 01 Jul 2013 19:41:02 +0000

Hi Sean,

I am still holding my long on USDJPY at 94.20. The pair visited the level of 99.80 by today for (99.80-94.20) 560 PIPs floating profit.

Quarterly and semi-annual currency band analysis are indicating for the pair to move to upward direction to follow her global macro trend.

The performance of the pair at the level of 103.00 will be closely watched and analyzed by using band’s correlation approach to decide to whether the pair to be closed for profit and re-entered after pressured (multiple entries and exits).

Global macro trend is my most interesting to follow.

By: Sean Lee

Sean Lee — Mon, 01 Jul 2013 06:22:51 +0000

Well said Brijesh, bears need to pick their entry carefully when bulls get over enthusiastic

By: Brijesh

Brijesh — Mon, 01 Jul 2013 06:05:24 +0000

I was bullish but I am neutral now. I am looking at 100 for any momentum, or a failure for a small short. But with US yields above 2.5% its hard to be all-out bearish.

By: Sean Lee

Sean Lee — Mon, 01 Jul 2013 05:55:08 +0000

Why not Tom, really good risk-reward ratio so definitely worth a shot. Obviously risk sentiment would need to take a hit but that’s always a distinct possibility.

By: Tom

Tom — Mon, 01 Jul 2013 05:49:49 +0000

Hi Sean, expecting that failure at 99.9 could send this pair to 97, if not 95.8 or below 94. Stop loss at 100.25.

By: Sean Lee

Sean Lee — Mon, 01 Jul 2013 04:12:28 +0000

Serga, we might even see 105 before it turns sharply lower. The overall mkt still isn’t super long so there is certainly still short-term scope but I’m a rally seller rather than trying to ride a small wave higher.

By: SergaNet

SergaNet — Mon, 01 Jul 2013 04:03:31 +0000

Sean, I think so, if the price strengthens above 100.21, the next goal in USD/JPY about 103.48