Bump! just want to bring your attention, as April 2007 is just a few months away.
2006 was a predictable year. Now I think i've got 2007 in control. USDJPY is going to hit as low as 109 in May 2007. That could be 1000 pips gross profit if I short USDJPY now.
You see, December and Jan are when JPY is weakest (and USDJPY goes highest). Now we are right on the mountain peak. After Jan, JPY will grow strong, so USDJPY is going to hit the bottom.
Do you think now we have "very good" short opportunity?
If USDJPY dips below 117.50, will you go short taking 300 pips profit at 114.50?