Where is your stop? I believe this pair is going up for right now till 121.50 min. Will see if it breaks 118.25-118.50. I think we need to start selling this pair in January 2017.
StevenK.Fisher
⋅
@Tucson2016, In the area of 118.670. Higher high of the fib 118.660 on the 4 hour close would be a stop for me.
Tucson2016
⋅
@StevenK.Fisher, Thanks for sharing. I am thinking to sell this pair as well. I am pretty sure it will go down; JPY declined too much this month without any reasons except speculation about rates increases and Trump victory. The problem is that USD trend is so strong right now, and it might go up to 120-121 area before it goes down.
StevenK.Fisher
⋅
@Tucson2016, Speculative trading Tucson, at these levels take care in trade lot sizes.
Tucson2016
⋅
@StevenK.Fisher, agree. If it doesn't break 118.25 by the end of today, I will try to sell with 118.80 stop. Will see.