Will the Yen clear the hurdle

October 11, 2005 by Trader Rich 

I’m down over 45 pips on my short of USD/JPY yesterday
evening.  I have not had a good week.  I will exit my USD/JPY
position if it breaks the 114.50 barrier which is solid long-term 38.2%
fibonacci of 135.20-101.70 high low.  In fact, I may exit and the
reverse my position.  The pair seems to have stalled at 114.49 so
I’ll be watching closely.

Popularity: 1%

Comments

Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!