Maximilianned

Japanese Yen - Continued Divergenece

CME:6J1!   Japanese Yen Futures

Most of the day the Yen/USD traded lower breaking the 200 Moving Average through the day - first time its done this since this ramp up started.

Highlighted in hot pink you can see the points of control notice that most the business was done at lower prices today , but closed higher into the S&P / Nasdaq close.

Divergence remains - still time in this trade, thesis remains, lower prices ahead.

One point - US dollar is on the cusp of braking an almost 10 year trend line - if this fails then all bets are off.

6J1!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.