The price has been stuck between 107 and 117 for all of 2017 after a test of the 100 mark back in 2016. We should continue to see dollar strength over the next couple of years so how far could this go? It looks like a setup for the beginning of wave C on the Elliott wave pattern, maybe in 2018. I'd only jump in long once we break and retest the high of 126 from summer 2015.
Do you think it can get that high? Does the BoJ want it to go much higher?
Do you think it can get that high? Does the BoJ want it to go much higher?