Comments on: Yen weakness looked impulsive; more to come? https://fxww.com/yen-weakness-looked-impulsive-more-to-come/ The Professional Source Fri, 11 Oct 2013 02:50:14 +0000 hourly 1 By: Nachiket https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30541 Fri, 11 Oct 2013 02:50:14 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30541 I sold the aussie now. Today’s move in aussie and usd/jpy doesn’t make sense. it is risk on but on back of what news

]]> By: Sean Lee https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30540 Fri, 11 Oct 2013 02:26:53 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30540 I’m already small short euryen 13210 and looking to sell again 13345 (61.8% Fibo) to average the position. Hopefully then cover some on dips, but not overly confident. Keeping stops tight above there as don’t fancy risking much on this one

]]> By: Nachiket https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30539 Fri, 11 Oct 2013 02:14:41 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30539 now i am on the wrong side of aud/jpy. aussie i thought would be smashed when the hourly candles sold off after jobs report. it has rebounded

]]> By: Abdullah Hussain https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30531 Thu, 10 Oct 2013 21:35:28 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30531 Its seems like everybody’s in the trauma board today at the same time…well Sean I made 50 pips going long at 97.7 today (U/J of course), but as I told Mary today I still am Bear for this pair, and until we don’t Break 98.9-99, I will still hold that feeling. I think we will in the near future re-test 96.9, Just a gut feeling! Any clue on inter day trade tips? 98.6 Break seems practical today?

]]> By: Sean Lee https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30530 Thu, 10 Oct 2013 21:32:18 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30530 Agree with all you say Snehal, especially the confusion bit 🙂 Best to stay out of mkt or stay small positions until clarity returns

]]> By: Snehal https://fxww.com/yen-weakness-looked-impulsive-more-to-come/#comment-30528 Thu, 10 Oct 2013 21:21:26 +0000 http://381c099c8f.nxcli.net/?p=10815#comment-30528 Sean… thought it was a really weird market today; completely unsure of itself; been watching AUDJPY, USDJPY, AUDCHF, AUDCAD, CADCHF, USDCAD, GBPUSD, GBPCAD, USDCHF, and the likes.

If there was a true risk aversion (as some suggest – AUDJPY should have been lower?) or if there was USD strength (as patriotically put forth by many of the so called Forex gurus and my countrymen on twitter), should have seen USDCHF much higher!

This is just a one heck of a confused market. I am also stuck on USDJPY and CADJPY shorts and hoping to get out at some point today on profit taking.

On the other hand however, I also feel USDx will go much lower with USDCHF around the 0.88-0.89 handle and EURUSD around 1.37. This should drive the JPY pairs lower quite a bit. I think my timing is quite off though and that’s the issue.

Snehal

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