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Video / 09 September 2016 at 7:11 GMT

Why I'm selling USDJPY: Lambert

Clive Lambert - FuturesTechs
Clive Lambert, of FutureTechs, is planning to sell USDJPY.

Lambert says that yen looks strong so selling rallies in yen crosses still has the “go”, he says.
Clive Lambert points to that USDJPY has a strong band of resistance between 102.60 and 102.80, so he is looking to sell USDJPY on a rally to 102.50 with a stop above 103.00. His targets are 101.20 then 99.50 and 99.00, returning to the YTD low from Brexit day.

09 September
bancodemon bancodemon
fingers crossed for this trade...hopefully we can TP on this.
09 September
Dj TinTin Dj TinTin
I'm in
09 September
sam wightman sam wightman
Hi Clive
I am following you,
What`s your latest thoughts on USD/JPY.
09 September
sam wightman sam wightman
Has it broke through resistance ?
12 September
FaridF FaridF
Hi Clive, what's your time horizon for this trade?
12 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
Well actually I've been stopped as the stop was above 103.00 and we got to 103.05 on Friday. If you're still in the timeframe is 1-2 weeks.
12 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
And I'd be keen to still be short too!
12 September
FaridF FaridF
Thanks Clive. I'm still in.
12 September
HaythamSabry HaythamSabry
Hi Clive, is the trade still on for the first target or has it lost its momentum? Thanks
13 September
Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
No I still like it and would suggest sticking with shorts. Ideally we stay below 102.27 today.
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