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FXTrader

Gbp/usd

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I'm beginning to see the crosses and how they are adding up to get the big picture. Certainly Yen is clear as day how everyone is treating it. USD iffy still. But the move on the Yen today was sweet and swift... my favorite! Esp. EURJPY.

 

NEWBIE-TRADER-EURJPY-TREND.gif

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Yes, they're a real treat on any timeframe torero. Especially of late where the "put the risk on/take the risk off" crew are flagging well lit levels both north & south.

 

Take a chart timeframe of your choice & play your game! At least there are clear boundaries to draw your line if you're seeking to roll positions over.

 

Glad you're filling your pockets ;)

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:o Did you bother to wear masks & visors in that alley?!

 

Kick onto 11.70 before a reality check then!

 

The (Yen) shorters will be travelling light off these lower levels I'd imagine. Can't see too much rollover positioning until 111.70 gives way. Yen Bulls safe until that zone comes into view.

 

The juicier money (stops) definitely reside atop there. Remains to be seen how aggressive this zone underneath the lower high (to 111.50ish) becomes.

 

Agree with Art re: siding with gbp & eur v/s Yen.

eachway.jpg.bb40f8098d558372d0aefccc98a7cc86.jpg

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