USDJPY GOING OUT ON A LIMB

Brexit possibility and US economic correction may bring USDJPY down to Monthly 38.2% fib support via risk aversion, rejection of which may indicate a bullish wave possibly coinciding with market correction completion and Brexit fears/repurcussions settling and fading.

USDJPY to 130+ in 2017/18?

This is a big "shot in the dark", I will not be trading on it and I wouldn't suggest anyone does. Just recording the thought here to see how it plays out in an honest manner.

Commentaire:

Interestingly, it appears at the moment that it has bounch just where I thought it might.

Will be even more interesting if it gets up to my 130+ projection.

Time will tell.