From a technical standpoint we can see both momentum and trend intensity (angle) increasing. The retests in USDJPY are becomming less frequent and not as deep. Chances of continuing to the fib extension area of 138 is extremely high.
Fundamentally the new BoJ gov nominee is known to be very DOVISH, Japanese yen should continue coming down to earth. Which makes the long term outlook of this pair rather difficult to analyze, however from a medium term a trip to the next fib zone should be expected
Fundamentally the new BoJ gov nominee is known to be very DOVISH, Japanese yen should continue coming down to earth. Which makes the long term outlook of this pair rather difficult to analyze, however from a medium term a trip to the next fib zone should be expected
Commentaire:
USDJPY CARRY TRADE PLAYED OUT PERFECTLY NEAR TAKE PROFIT NOW
ENTERING BEAR SWINGS SOON
ENTERING BEAR SWINGS SOON
UJ LONGS AT RISK ANYWHERE ABOVE 137
LOOK TO ENTER SHORTS THERE BASED ON PRICE ACTION
UJ SHALL BE INTERESTING IN THE WEEKS TO COME