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.
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