Jobbing the psychological level of 100.00 in USD/JPY pair – ForexLive

Ryan Littlestone, Director at ForexLive says the Dollar-Yen pair appears on track to take out the psychological level of 100.00 levels, but he does not mind jobbing on the long side each time the pair nears 100.00 levels. However, he makes a good point that the pair is repeatedly revisiting 100.00 levels, suggesting an eventual break could lead to a quick fire drop to 99.00 levels. Hence, it is advisable to keep small stops while jobbing on the long side.