JPY at end of trend?

Quote from ASusilovic:

It seems retail traders are doubling/averaging into their GBP/JPY positions....this will end badly....stay short
More...

Last print 127.75. Come on GBP/JPY - go, another leg !
 
Here are 2 charts. Unfortunately, because it's a trial of software the EOD data is delayed by almost 4 weeks, so it is not up to date. Both are Monthly charts & at the bottom is the COTs indicator. I had a look at previous COTs numbers & also current week & it shouldn't look much different (as far as COT indicator is concerned). 28 & 14 MAs analyse COT data of commercial Long/Short vs non-commercial Long/Short positions. Yellow line is Open Interest.

Discuss.



Japanese YEN, CME (Combined)

nm0p61.jpg





U.S. Dollar

2h6geoh.jpg
 
Quote from JSSPMK:

According to CNBC Rogers is not holding Yen long any more.
More...

Uncle Rogers is an investor and not a good trader. That´s according to his own opinion.

Meanwhile :


SSI_Post_body_Picture_3.png


A bit of a change in GBP/JPY but no material change. Looking for new short entry GBP/JPY....
 
It is reasonable to assume that most retail stops in Ninja are just below high 79s, but at the same time price action is getting very extended to downside & nothing goes straight down ;)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2987931>
 

Attachments

Geithner spoke suggesting that he sees no need for the dollar to sink further against the euro and the yen, saying these major currencies are "roughly in alignment" now. WSJ source.
 
Quote from Pippi436:

sup with the USD spike ^^
More...

Only a guess, with G20 coming up & DX oversold on Daily makes a perfect case to squeeze sellers, also Yen is near all time high, BOJ could have intervened again. Still the reserve currency after all, can't let it slide into oblivion.
 
You must log in or register to reply here.
Back
Top