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Video / 22 July 2016 at 7:11 GMT

USDJPY turning bearish again: Lambert

Clive Lambert - FuturesTechs
USDJPY has been rallying for the last couple of weeks but yesterday it got close to a Fibonacci resistance at 107.60 and reversed, posting a “Bearish Engulfing Pattern”, according to Clive Lambert from Lambert thinks it’s time to get short again, a trade that’s served him well this year.
He expects to sell USDJPY at 106.35 and add on a break below 105.40. A stop above 106.80 to start with, and targeting 103.30 and 102.30, maybe even lows at 100.00 and 99.00.

22 July
Raj-900 Raj-900
Hi Clive,
Sell @ 106.45 or 106.35?
22 July
Raj-900 Raj-900
thanks a lot
22 July
sam wightman sam wightman
Hi Clive
usd/jpy spike up. is your Trade still on ?
22 July
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Sam It's not even reached my entry level yet. High is 106.295 on my screen... So... YES!! ;-)
22 July
sam wightman sam wightman
Cheer`s !
22 July
Legendoski Legendoski
When I hear calls like this, it only means one thing. Gold time!
26 July
brian1983 brian1983
what abt fomc. u holding uj short throughout fomc?
09 August
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Hi All. Well I'm back from my 2 week break and both targets were hit on this trade although we've found buyers just ahead of the 2 "bigger picture" targets I'd cited at 100.00 and 99.00.

All the time we're below 103.00-103.30 I'd still be looking to trade this to the short side.

I should go away more often!
16 August
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
100.00 now hit and doesn't look like any sign of a reversal any time soon so gunning for the year's low at 99.00 now... Below here we'll be at levels not seen since November 2013.


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