Yesterday We noticed so much strength in USD & Euro Seems to be stronger today but dollar don't swear it 'cos JPY is vulnerable
This is what I think wil happen , keep the TP a long way away ,,, I keep it on 108 for the long on 116
UJ seems to not care but continue to drive down south.... I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either. 113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)
Conformation triangle bearish Support and Resistance
UJ Mixed market Long Short Based Short
It seems the Non-Farm Payroll action buyers are slowly unloading their position. The December rate hike anticipation has caused the U.S Dollar to partially strengthen along with the expectation that the Euro will reach parity. The hourly time USDJPY chart currently signals a short term intra-day sell especially against such a devalued currency like the Yen. The...
USDJPY has remained a boring pair to trade since the end of August of 2015. Partially due to the lack of optimism in the Fed’s rate hike, this pair slumped and remained in a range ever since offering much unwanted volatility. This recent breakout is tradable for both short term day traders and longer term trend traders. This upwards breakout with the testing of...