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Time to buy USD/YEN in your position trade

This is a discussion on Time to buy USD/YEN in your position trade within the Forex Expert Forum section, part of the Forex Forum category; USD/YEN has made a late dip against the FED announcement as big downward extended stop hunt and also to ...

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Time to buy USD/YEN in your position trade

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#1 (permalink)

01-23-2008, 09:49 AM

Dr.S.Sivaraman Dr.S.Sivaraman is offline

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Join Date: Aug 2007

Posts: 49

Time to buy USD/YEN in your position trade

USD/YEN has made a late dip against the FED announcement as big downward extended stop hunt and also to drop yen crosses.A contrarian move was seen - EURO and GBP drop and also USD/YEN drop.They will now rise euro and gbp and also USD/YEN.Once usd/yen goes above 110 - EURO and GBP will commence the downward journey after the upward stop hunt.
Wait to sell EURO and GBP and now time to buy USD/YEN around 105 -105.50 area.
Regards
Dr.Sivaraman
dr@i-knowindices.com

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Time to buy USD/YEN in your position trade

Time to buy USD/YEN in your position trade

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