Gentlemen, we have a very compelling monthly signal in this pair. The targets are on chart, as well as the reccomended long term stop loss.
This trade has positive carry, so, holding it will pay you interest based on the interest rate differential between the Swedish Kronor and the US Dollar. I anticipate one rate hike this year, which would accelerate the dollar...
After Bernanke visited Japan, and whispered into Kuroda's ear, the market reacted with a strong decline in the Yen, accompanied by a broad risk on rally that absorbed the Brexit losses. It's possible that this rally has topped, with all or most bears forced to cover their shorts, collaborating with the momentum run.
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