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Looking to sell against the Yen - crazy, or not?

AdamFx42 Posted 2 Nov.  in #Trader's blog #Technicals #Reversal #Major Pairs #Weakness #Pullback #Corrections #Positioning
When the markets open tonight I will be looking for an opportunity to sell one or more currencies
against the Yen - meaning I will be looking to go short Gbp/Jpy, or short Eur/Jpy, Aud/Jpy, Nzd/Jpy etc.
Am I crazy doing this - with all this Usd strength around, and Usd/Jpy sky-rocketing,
the Japan economic easing - weakening their currency ...
you would certainly think that I have lost it, but look at it this way:
Remember a couple of years ago when US QE was the big news,
everyone was looking t…
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2 Comments
fxsurprise8 avatar
fxsurprise8 2 Nov.

try it :P

AdamFx42 avatar
AdamFx42 2 Nov.

Will do

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Yen crosses are retracing and EUR, GBP, and USD sold

AdamFx42 Posted 2 Jan.  in #Trader's blog #Corrections #Yen Crosses Retrace #Majors Getting Sold #Giving Back Profits
As I expected the majors, and Yen crosses are falling from their highs at the beginning of the year
The gains/profits have been immense at year's end and a correction seemed imminent
I believe that this (big) correction in yen crosses,
and the initial selling of Eur, Gbp, and Usd will lead to further downside this month
as retracement area's, and support area's are quite a bit lower than where most pairs stand today
Gbp/Jpy has support around 170, Eur/Jpy will find support around 142.5
Gbp/Usd c…
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