JPY- long term !!

[interesting]

not so bad as to say it unfolds the fifth wave
the main impediment to the moving is BoJ decision
it'll be very lucrative for me if they wont hike at all

[ronnimar]

a break of 119.8 will confirm the bullish view,a break of 118.2
will cheer-up the bull's

[5pips]

Does Anybody Know Of A Good Hedge For Gbp/jpy If I Want To Go Long Gbp And Short Jpy?

[interesting]

5pips
to be a good hedge it'd be an uncorrelated instrument

ronnimar
i think it'll be a slow climbing, there was no hike by BoJ, US housing market bottomed out so i expect a gradual shift of US-must-cut-rates sentiment to US-may-hike-in-Q2 why? short term inflation trend rising long term falling plus WhiteHouse 07 estimate of economy is stable vs europes downgrade so expectations of all this will force BoJ to stay on hold the whole next year cause of supporting export, what about reasonable targets? 121.4 and 131 in long run(probable rally start s may07) i consider to be a fair ones for the pair
so live and see
good luck all ppl reading here ))

[ronnimar]

this is my monthly chart !!
so my bias is accordingly

[interesting]

116.8-117zone is next buying opportunity in upcoming weeks that the time i think enough for eurdollar to post double top and we could get anothe local rally towards 119.8

that all seems to happen on Lackers hawkish comments on Us inflation

[ronnimar]

the 119.8 level Sim's to be able to hold any upward movement.
(to my opinion for the tine being).

[interesting]

stay on defensive or take money off the table it may start falling tomorrow towards 115-114 zone