Comments on: USD/JPY should continue to drift lower but…. https://fxww.com/usdjpy-should-continue-to-drift-lower-but/ The Professional Source Wed, 24 Jul 2013 08:14:38 +0000 hourly 1 By: Papillon https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25123 Wed, 24 Jul 2013 08:14:38 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25123 It would seem we move faster towards .9150 what I expected. I guess it come from EURAUD pair.

]]> By: Papillon https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25120 Wed, 24 Jul 2013 07:18:33 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25120 Trust me, I will be there on AUD/USD if we dip at this level 😉

]]> By: Sean Lee https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25119 Wed, 24 Jul 2013 07:13:22 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25119 And don’t rule out AUD/USD; if we get a dip to 9150/70 then try buying with tightish stop?

]]> By: Papillon https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25118 Wed, 24 Jul 2013 07:06:29 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25118 Thanks Sean. Indeed, it would be good idea to buy dips with a tight stop (small position) so that I could have small interest.

]]> By: Sean Lee https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25116 Wed, 24 Jul 2013 06:16:38 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25116 I think its best to stick with technicals in EUR/GBP in absence of other factors so buying dips to 8570 with tightish stops below 8540 seems like most sensible play? Not really my side as I prefer to sell rallies so I’m leaving it alone

]]> By: Papillon https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25114 Wed, 24 Jul 2013 05:51:40 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25114 Hi Sean,

It was pretty quiet for JPY and more dynamic for AUD/USD.

For now, we have held .8570 on EUR/GBP but the cable looks healthier than EUR/USD ??

http://img834.imageshack.us/img834/2759/stsk.jpg

]]> By: Papillon https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25091 Tue, 23 Jul 2013 21:33:19 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25091 Good morning Sean,

To try to bring water to the mill on EUR/JPY, currently we have on technical side :

1. We are back above 131.50 (previous resistance)
2. Up trendline from 126.56 to 128.00
3. 61.80% fibio at 129.50

See chart :

http://img42.imageshack.us/img42/1751/eg1c.jpg

This pair seems in dips buying mode ? but since Monday the USD/JPY seems weak and we are near under 99.50, it could be interesting to watch the sell rallies ?

See chart :

http://img812.imageshack.us/img812/7843/owih.jpg

I have no propositions trades on this pairs but just some thoughts.

One final point, well done for AUD/USD ! Unfortunately I didn’t jumped last week, I was already engaged on EUR/JPY and we haven’t fallen in cheap price at .9050. C’est la vie !!

Have a good day, see you tomorrow.

]]> By: Sean Lee https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25077 Tue, 23 Jul 2013 03:26:41 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25077 I’m only guessing Mike but I do know that my tendency was to be long and I’m sure that many other traders felt the same. So I’d say the speculative mkt tends to be short CHF for sure.

]]> By: mike https://fxww.com/usdjpy-should-continue-to-drift-lower-but/#comment-25074 Tue, 23 Jul 2013 02:26:29 +0000 http://381c099c8f.nxcli.net/?p=9686#comment-25074 Hi, Sean,

is EUR/CHF in the similar situation with USD/YEN, big funds are very long of this pair already?

Thanks

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