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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.

04-15-2004, 06:30 AM
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