Discussion in 'Forex' started by Red_Ink_inc, Aug 16, 2007.

  1. Ok what is going on with this pair? It's been on a massive tear this year but the pullback is even more massive. It's fallen from .8109 to .6819 or nearly 16% since July 22nd.

    I just loaded the ship in this thing, looks good to me.
  2. good idea...I think Japanese housewives loosing their firepower...:D :D :D
  3. Why jump in so soon? At least wait for the panic to dissapate.

    Kiwi/yen is really getting SLAMMED. That puppy just fell 575 pips from 1pm to midnight! Off 2000 pips in the past two weeks. So much for that 7.75% carry!

    Overall, some very nice levels for position entries once the dust is settled. I still think pound/yen and kiwi/yen could sell off another 1000 pips before all is said and done though.