Yen could become stronger again this week. We have seen more than 200 pips weakness in EURJPY and other pairs on monday. However for those who are planning to sell YEN again it will be too early.
BOJ have monetary policy meeting on thursday which might make YEN stronger again and Most investors will be looking for those opportunities. In the past two BOJ meetings they have failed to impress investors thats Why we saw some really good strength in YEN in the last two BOJ meeting.Investors will be expecting the same and might start buying YEN just before the meeting which will take all the YEN pairs Down.
I will keep an eye on Buying YEN only on deep drops.
If you read carefully what I have written up there is don’t sell JPY before thursday but finally JPY will come down after thursday. it’s all about finding the right entry if they sell it now and it will go to 123 level on thursday their money will be stuck. But if they sell on thursday when the pair goes to the mentioned level then they will rip off 200 pips.
I know what I am talking about mate I have been trading and writing blogs for few years now.
First currency in any pair is base currency mate I think you are frustrated either because of some loss or fear…I warned people not to sell too early and also just to clarify I have also written entry level tp and SL. I don’t have all day to waste my time on you.
Thanks
Sell to early? What are you not understanding. You illustrated three orders on your first post where you will be selling the Yen, and you are warning people not to sell the Yen.
You clearly are unaware that you are selling the Yen in those trades.
How can you teach people when you fail to grasp what you are purchasing and selling in the market?
I’m confused too…when you say you are looking to long the EURJPY, you are selling JPY are you not? But then you say to beware of selling it…??? Also you say you are looking to buy YEN…so then you’d have to short EURJPY…have you got some typos there?
And if that were indeed so, we would expect to witness a short position building in eur/jpy.
No.
What we witnessed yesterday was a strengthening eur/jpy (long euro/short yen).
The pair moved back up (long) off Friday’s 123.50 lows, therefore the market was shorting yen, weakening that currency v/s it’s european trading partner.
In order for Yen to become stronger v/s Euro, that pair would now need to fall from its current level of 126.50 back towards last weeks lows.
But if that’s what it decides to do, then for those who are adequately primed with the appropriate technical nous to begin spotting the signs, they’ll be able to take advantage of any such move.
Until that happens, those same said folks will undoubtedly continue to be positioned long with trailing stops based on the same information that triggered them into that bias in the first place.
We can only predict no one can be sure about any currency pair and there is no use to stress about it. Take a chill pill n enjoy your trading everyone is here to make money. as long as you are making ur money be happy. If you don’t like anything I wrote there is nothing I can do about it.
Well in this case, right off the bat the guy is providing incorrect information. If he doesn’t have understand what he’s buying and selling, how can he properly teach others on his website and Facebook page how to trade successfully.
I told you all after BOJ meeting EURJPY and GBPJPY will come down and at the time of writing EURJPY is at 124.35 and GBPJPY is 144.50. It will come to the buying range which I told you guys.
