Comments on: USD/JPY: Favour a 98.75/99.90 range https://fxww.com/usdjpy-favour-a-98-7599-90-range/ The Professional Source Sun, 30 Jun 2013 23:51:17 +0000 hourly 1 By: Sean Lee https://fxww.com/usdjpy-favour-a-98-7599-90-range/#comment-24202 Sun, 30 Jun 2013 23:51:17 +0000 http://381c099c8f.nxcli.net/?p=9061#comment-24202 Hi Johanes, my suggestion is that you keep doing exactly what you are doing as it makes a huge amount of sense 🙂 It’s an excellent trading plan for a macro position

]]> By: Johanes https://fxww.com/usdjpy-favour-a-98-7599-90-range/#comment-24200 Sun, 30 Jun 2013 23:48:45 +0000 http://381c099c8f.nxcli.net/?p=9061#comment-24200 Hi Sean,

I am still holding my long position on USDJPY at 94.20 with stop loss 91.00 to target 117.00 and more. USDJPY is currently at 99.40 for 520 PIPs floating profit. The lowest quarterly band is expected to align to 93.00 by this week which will allow me to adjust my stop loss up to 92.00 to lower the assumed risk.

I am looking for the pair to break 103.00 (for 700 PIP floating profit up to 1000 PIPs) at which level I will analyze to whether the pair may be pressured before the pair to resume to move to upward direction. Should the annually currency band to confirm the pressure at the level of 103.00 then I will book for profit and wait to re-enter at the lowest quarterly band and to trade the USDJPY at multiple entries and exits.

This is the global macro trading model I practiced. Any suggestion please?.

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