The YEN is going to correct - GoFuckYourself.com

cluck · 04-15-2004, 06:30 AM

Sell USD/JPY for a quick profit. USD has risen against the yen as the tokyo stock market took a beating. More japanese are being taken hostage in Iraq and the Japanese government is urging it's people not to get involved. Stocks are down almost 2%.

Sell USD/JPY now. Stop loss at 109. Next support for USD/JPY should be around 108.10. With any luck it will consolidate there and break through lower than that. Once it gets in that range I'd SL at around 108.3 then see how it moves from there.

Nat · 04-15-2004, 06:36 AM

what is your prediction regarding USD? will it become stronger or be worth even less compared to Euro and SEK?

i'm loosing big $$$ on exchange rate right now :/ damn bush!

cluck · 04-15-2004, 06:39 AM

Quote:

Originally posted by Nat
what is your prediction regarding USD? will it become stronger or be worth even less compared to Euro and SEK?

i'm loosing big $$$ on exchange rate right now :/ damn bush!

Well I'm more into technical analysis for intraday trading, but the general feeling is the USD will rise against the euro, but it will be artificial. Europe wants the Euro to be lower for the same reason you do. The high price over there is hurting their tourism and their exports.

cluck · 04-15-2004, 06:54 AM

Wow this consolidation right here is pissing me off.

cluck · 04-15-2004, 07:24 AM

Broke out going up but in the bigger pattern looking good so far

04-15-2004, 06:30 AM	#1
cluck Confirmed User Join Date: Dec 2002 Location: New Jersey Posts: 5,248	The YEN is going to correct Sell USD/JPY for a quick profit. USD has risen against the yen as the tokyo stock market took a beating. More japanese are being taken hostage in Iraq and the Japanese government is urging it's people not to get involved. Stocks are down almost 2%. Sell USD/JPY now. Stop loss at 109. Next support for USD/JPY should be around 108.10. With any luck it will consolidate there and break through lower than that. Once it gets in that range I'd SL at around 108.3 then see how it moves from there. __________________ icq 279990726 www.mcdonalds.com <- great money making opportunity

04-15-2004, 06:54 AM	#4
cluck Confirmed User Join Date: Dec 2002 Location: New Jersey Posts: 5,248	Wow this consolidation right here is pissing me off. __________________ icq 279990726 www.mcdonalds.com <- great money making opportunity

04-15-2004, 07:24 AM	#5
cluck Confirmed User Join Date: Dec 2002 Location: New Jersey Posts: 5,248	Broke out going up but in the bigger pattern looking good so far __________________ icq 279990726 www.mcdonalds.com <- great money making opportunity

04-15-2004, 06:36 AM	#2
Nat Confirmed User Join Date: Sep 2001 Posts: 553	what is your prediction regarding USD? will it become stronger or be worth even less compared to Euro and SEK? i'm loosing big $$$ on exchange rate right now :/ damn bush!