Critical Area for Yen

We are at a critical level at the yen right now for a potential long or short. Currently our primary hypothesis is that we will go back to test 500-600 level, hold above, and rotate back up, however, if this not play out and then Yen fails to hold this level and we see the dollar have a stronger than expected corrective move up, we will be looking to short off this level. Currently the trend is still in favor of the bulls and we don't see a reason to short at current prices.

Kommentar:

Taking some contracts off at this level. Looking to take the rest off a .0092s

Kommentar:

Target nearly filled and closing out trade.