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Why I'm selling USDJPY: Lambert
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.
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01:22 minutes
Tags: clive lambert futurestechs, currency, forex, saxobank.com, saxotradergo, short-selling, tradingfloor.com, usdjpy
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