Cash or Futures traders be out of 50% of your short Yen, LONG USD/JPY, any where close to 79.50 USD/JPY! (App 125.75-126.00 Futures.) If you’re awake and involved start scaling out of some! —
ETF guys can nibble going long YCS with a 30 cent stop. It’s currently trading around 13.86..The stop is below 13.50 intra day. Pro-Traders…timing and trade location are as previously discussed.
We spoke of the 131 Futures level on Friday…We’ve put in a double bottom pattern on the monthly and qtrly charts in USD/JPY @ 76.30 ish This is the level to sell the Yen against with a very tight stop. … Continue reading
A close over 79.19 USD/JPY puts in an outside reversal day. The futures match comes in @ app 126.34. If you’re looking for a high in the Yen, this is as good a spot as any! The stop coming in … Continue reading
The yen futures double bottomed last night showing that the one way train in the yen crosses was very long in the tooth and a correction was afoot. The first area to look to get some back on is off … Continue reading