Comments on: USD/JPY: Stops triggered above 98.40 post-FOMC

By: Jack1

Jack1 — Thu, 31 Oct 2013 04:02:31 +0000

Fed meeting passed. Do this USD strong into a trend before Xmas? or usd still be back to downside?
78% move up to 99 —- last swing high. good level for short u-jpy for 97.30 (100 pips game), then, enroute to 94 level or 90 level if 96.5 is kicked down.

By: Abdullah Hussain

Abdullah Hussain — Wed, 30 Oct 2013 23:16:27 +0000

Thanks for the complements Sean, but I know if anybody can see a move before it comes its usually you, I cant be compared to you and the FXWW team you have formed, it would be like comparing a student to their professors, your chatroom with reuters messenger has helped me and my trading out so much you have no Idea, I read ever post, regardless of the pair as they all are pinned to each other, and each report as they have techinical and economical data, all of which is information that usually I cant get a Hold of, So Cheers for your hard work! 🙂

By: Sean Lee

Sean Lee — Wed, 30 Oct 2013 22:19:04 +0000

I admire your resilience and tenancity Abdullah, to keep trading USD/JPY in these mkts. But you will be rewarded when big break comes as you will have a feel for it and the rest of us will be left behind

By: Abdullah Hussain

Abdullah Hussain — Wed, 30 Oct 2013 22:15:22 +0000

Moring Sean, well finally some action in this pair, i took a long at 98.2 and at 98.6 closed it, and then took a short which I am now about to close because as you said theres no real strong view yet for this pair, Still Sean the Nikkei has still not broken its resistance, maybe today we might attempt to break it, but I still dont think its gonna happen anytime soon, so Im still a Bear and the Usd/jpy was adjusting to the Market probably with its movement because nothing in the Statement released today produced Fireworks, at least in my View.