wackypete2
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short usdjpy 97.90
stop 98.02
stop 98.02
short usdjpy 97.88
stop 98.02
Also on my watchlist so you should be right on target to exit when I eventually go short.
In the good old days I would have been selling where you did. I don't have any price or time target for entry as I'm transfixed with momentum (my interpretation of it anyway) at the moment.I'm guessing it would be below today's current low of 97.65 where it opened gap down. I'd also be looking for it to make a lower high and a lower low - which it hasn't doe since the open.Where you looking to short at? There should be another round of $$ selling right around the US open, or at the very least some flurry of activity.
Peter
Is there a tendency now for forex markets to idle during UK hours before coming to life during open of US market hours ?exit 2nd 1/2 @ 1.3536 +7
market died. We'll see what happens in the afternoon here if the gov't shuts down.
Peter