Short EJ & UJ again

12.32 gmt

I’ve decided to re-instate the earlier shorts, since my system is still short these pairs.

Short $132/pip EURJPY at 118.19. SL 118.90.

Short $132/pip USDJPY at 88.60, SL at 88.90

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3 thoughts on “Short EJ & UJ again

  1. HellboyFX

    hi Zen

    yeah – crazy day thus far!! there was always going to be stop loss hunting today – that was one certainty..unfortunately I was hunted…!!

    Anyway – all the uncertainty out of the way – market know what the BOJ targets are
    Im expecting this UJ to surpass 90 – maybe even today…

    im looking at hectic upside

    Long myself at 118.24

    best to your trading!!

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    1. ZenFXTrader

      Yeah, pretty hectic day. Everybody knows that UJ is going up in the medium term. But I reckon first there will be a correction lower. The Americans will want to have a crack at the downside stops, so I won’t be comfortable going long until after the US session. If the US session cracks the morning lows, we could drop even lower. I’ve built into my rules a way to avoid jumping into trades unless the important sessions are over. The US session will determine the next short term direction.

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  2. HellboyFX

    thanks for the heads up on the Us session – also lying in waiting for the next bout of action to give us direction

    Again – not whether Im right or wrong on the trade – it is the money I make/lose doing it that counts….so will be watching closely yes

    If this thing goes back up it will be massively bullish – Im thinking 95 here…BOJ target as well I think..?

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