Comments on: USD/JPY techs: Well-watched trend-line now offers support near 97.40

By: Sean Lee

Sean Lee — Mon, 30 Sep 2013 00:26:30 +0000

Lots of questions Abdullah but we have to wait for answers. The trick will be to pick the next 300 pip range as range trading still most likely outcome

By: Abdullah Hussain

Abdullah Hussain — Mon, 30 Sep 2013 00:19:53 +0000

Morning Sean, well what beautiful way to start the week! As you know I’ve been waiting for a breach of 98 and here we are, but Sean what do you think of it, i mean Im sure tuesday the house will not vote on this. And most likely they will just have a extension added so there will not be a government shutdown and vote in a few days or a week just to add pressure on the democrats to get some ammendments in their favour. But lets say tuesday nothing is passed, how low can we drop in a day for this pair. and if it is passed, is there enough momentum to go to 99.6 again as the debt ceiling issue is still at hand keeping the markets weak?

By: Sean Lee

Sean Lee — Sun, 29 Sep 2013 21:53:40 +0000

Definitely my side George, but whether it breaks lower now or in few weeks, hard to say with this cross. Certainly all news is bearish so I’m quite happy to stay short and sell rallies, but need to be patient

By: George

George — Sun, 29 Sep 2013 21:51:01 +0000

Hi Sean, based on today’s move do u thnk eur/Gbp finally broken the support of 83.60 and do we expect it to retest 81.70 in next few sessions?. Bullish Gbp news and very bearish euro news!!