Comments on: USD/JPY: Getting close to resistance level at 87.60 https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/ The Professional Source Fri, 04 Jan 2013 07:35:48 +0000 hourly 1 By: Iridium https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/#comment-13761 Fri, 04 Jan 2013 07:35:48 +0000 http://fxww.dreamhosters.com/?p=4137#comment-13761 Good morning Sean and every body,

In my view, shorting the USDJPY at 87.90 and above is a very low risk trade for a very very probable return to at least 87.50 and most likely below in the coming days and weeks.

Good luck!

]]> By: Tony https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/#comment-13734 Fri, 04 Jan 2013 00:10:09 +0000 http://fxww.dreamhosters.com/?p=4137#comment-13734 Thanks Sean, makes perfect sense.

]]> By: Sean Lee https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/#comment-13732 Fri, 04 Jan 2013 00:04:34 +0000 http://fxww.dreamhosters.com/?p=4137#comment-13732 Hi Tony, I look for hourly close at level. In this case, if USD JPY holds below 8760 for another two hours then I’d start to consider short. Also I like if mkt pulls back off the level, ie doesn’t simply idle near or just below. Hope that makes sense

]]> By: Tony https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/#comment-13728 Thu, 03 Jan 2013 23:52:25 +0000 http://fxww.dreamhosters.com/?p=4137#comment-13728 Hi Sean,

Happy new year to you and yours!

In your view, at what point could one determine the level has not held? Hourly close above? Daily close above?

]]> By: Jason Jin https://fxww.com/usdjpy-getting-close-to-resistance-level-at-87-60/#comment-13726 Thu, 03 Jan 2013 23:48:42 +0000 http://fxww.dreamhosters.com/?p=4137#comment-13726 Good morning Sean. Feels like market is overdone on fed’s minutes. But what the hell. Market is always right. Feels like this pair could hit 88.15 before retracing. Keep watching.

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