Comments on: Yen crosses: You gotta be quick https://fxww.com/yen-crosses-you-gotta-be-quick/ The Professional Source Tue, 12 Mar 2013 08:43:45 +0000 hourly 1 By: jack1 https://fxww.com/yen-crosses-you-gotta-be-quick/#comment-17407 Tue, 12 Mar 2013 08:43:45 +0000 http://fxww.dreamhosters.com/?p=6211#comment-17407 I got long on u-jpy, e-jpy, g-jpy, I put hedge on open positions, due to european open, euro, cable is pushed down. when euro, cable is slipping lower, then, e-j, g-j won’t rise.

euro seem to want to run 50% fibo levels 1.28xx. Last week’s consolidation gave cable sellers chance to build their huge shorts, they may expect 300 to 500 pips run down, so, 1.4350 or 1.4070 may be hit.

After euro run 50% fibo, then, yen pairs may get really run. then, I exit out hedge.

]]>