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USDJPY CARRY TRADE UPDATE

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
NakedTrading4U Updated   
FX:USDJPY   U.S. Dollar / Japanese Yen
Wave Analysis Fundamental Analysis Beyond Technical Analysis waves wavetheory trendtrading Trend Intensity Index (TII) Fibonacci Retracement Fibonacci Extension nakedtrading nakedforex
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waveanalysis fundamental beyondta waves wavetheory trendtrading trendintensity fibonacciretracement fibonacciextension nakedtrading nakedforex
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
Comment:
NEW BOJ GOV WAS ANNOUNCED AND HES A SUPER DUPER HAWK!!!!!!!

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
Comment:
USDJPY CARRY TRADE PLAYED OUT PERFECTLY NEAR TAKE PROFIT NOW

ENTERING BEAR SWINGS SOON
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