I'm still getting 11 pip spread on USDJPY.
How are you guys with that. Time to sit still I think until this thing calms down a bit.
G-Man
How are you guys with that. Time to sit still I think until this thing calms down a bit.
G-Man
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DislikedSo I go and get some lunch and the Fed goes and does something stupid.
Doh!!! My timing can be impeccable.
G-ManIgnored
DislikedLooks like that rally ended at around the monthly S2 and weekly S3.
If the USDJPY continues to lead/follow or just stay close to the US equities anything could happen this afternoon. They could go higher yet, but I think the current euphoria could be short lived and if traders take the chance to sell positions we could see this down again.
Hope I'm not thinking too much.
G-ManIgnored
DislikedI need a help to read in to this. Could any of you help me please. As you all know Fed has cut discount rate by .50 , dose that mean USD/JPY could go south from now, regardless of DOW rally? Do you think under current conditions EU/JPY run north and USD/JPY will slow down the run or go south?
Thanking you all in advance.
Happy piping !Ignored
DislikedG-man, am I on the same page with you for 116.40 as R1? I haven't nailed down all the variables yet that give different results. I'm working on refining that. My theory so far is that the only good pivot is a right pivot...Ignored
DislikedIgnored