The current spread trade in Japanese Yen ETF FXY will continue into its final week. Stop loss points have been updated. The current trend is still a move down, increasing the intrinsic value of the put option. The call is worthless at this point. The expectation is a test at the $83.50 level with a possibility for a move to $83.00. Any move over $84.00 will likely trigger the stop loss point.
Research on the next trade has been going on....
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