short the eur/jpy @ 142.40

uk numbers seem to get gloomier and gloomier these days, with only exceptions like last christmas sales surprising.

i would only expect a bounce based on technical oversold conditions or if oil starts to rise again.

the thing that's stopping me from taking a position with conviction is that usd/jpy and eur gbp /usd all seem to want to go down, however the usd/jpy is being forced up due to eur gbp weakness. short the eur/jpy gbp/jpy? i'd have to wait for some more momentum before taking a solid position. meantime, i'm just scalping the gbp/usd.

gbp/usd currently at 1.7355
 
i'd probably wait for confirmation one way or the other... and then look for a strong move from there. the usd/jpy seems poised for a breakout so.... (118.20) i bought in usd/jpy around 117.74
 
Quote from aestreux:

i'd probably wait for confirmation one way or the other... and then look for a strong move from there. the usd/jpy seems poised for a breakout so.... (118.20) i bought in usd/jpy around 117.74
More...

I think U better Short here 118.60 area
 
You must log in or register to reply here.
Back
Top