Livre sterling / Yen japonaisMis à jour GBPJPY - End of wave 3 near !?!?
The Yen is the weakest currency you´ll ever see but even such a trending market will eventually need a break. The chart is the weekly time frame of GBPJPY and I expect in the next couple of weeks the beginning of a larger corrective move to the downside.
Right now it is too early to say when we see the start of the retracement but around 208 - 210 is a good guess.
The BOJ has shown that the manipulate the market at times buying a lot of their own currency to prevent a collapse of their system (especially the pensions).
Right now it is too early to say when we see the start of the retracement but around 208 - 210 is a good guess.
The BOJ has shown that the manipulate the market at times buying a lot of their own currency to prevent a collapse of their system (especially the pensions).
Note
I think I should widen that window for the top of the wave 3 of C. and it might stretch further up to 215
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.
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.