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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 1558
Posted: Feb 22, 2010 5:00
Comments: 1558
Forum Topic:
JPY
Discuss JPY
http://i672.photobucket.com/albums/vv87/FXforecaster/Harmonic%20Elliott%20Wave/MonthlyUSDJPYcycles.jpg
in others words looking for a retrace of usd/yen
The USD/JPY FX long has also the advantage that there are no daily rolling costs which means I can hold out for a long time.
PS: I am also Long EUR/CHF which is a similar situaltion like the JPY, here I am still waiting that the CHF gets weaker.