EURJPY orders

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Still anyone’s guess on this pair after all the fun and games yesterday. buy low sell high. Just don’t get caught in the middle!

Sellers 129.00, 129.25,129.50,130.00,130.20,130.50

Buyers 128.35,128.20,128.00, 127.90,127.50,127.20, 127.00

eurjpy orders 3 may

Author: Mike Paterson

Mike Paterson has more than 30 years of experience trading FX including key market-making roles as a senior spot trader with UBS and Credit Suisse. He was also head of FX at the State Bank of Victoria in London. With sizeable daily trading volumes Mike carved out a career combining professional integrity with a cynical grasp of seizing market opportunity. Since leaving the City, Mike has been working as an independent consultant and trading for himself, along with presenting seminars and writing for a number of publications. Mike now lives in Kent but remains a passionate sponsor of Southend United FC.


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Mike Paterson


  1. Great advice about being caught in the middle. I did that by buying at 128.48 but only because price momentum seemed good. I would have bought around 129.05/10 but missed the clarifying comments re the negative rates – just my bad luck that I had stepped downstairs for a moment! Bit I have moved my stops to above break even as this pair can be very volatile and NFP is looming.

  2. typo: would have bought @128.05/10

  3. Wise tactics Roland

  4. yep I thought so!


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