with the possibility of bear market holding cash could be a better alternative to ETF'S in this index over the next 6 months until
price is within the rectangle above.
Historic bear markets
Potential position will be watching to see how price reacts lower down. maybe I will enter lower than indicated for fears of a stop hunt.
Later today at 23:30 GMT figures on unemployment in japan, forecast to be 2.7%, will be released, so looking for 2.6% or lowwer
never traded fundamentals before, but noted that better than expected figures don't guarantee that...
Neither bullish or bearish at the moment but
Will be looking for bullish confirmation before going long from the support highlighted around 1.2400
(TEXT AS IN GRAPH)
ORANGE ZONE undervalued caused by fear in the market
since then market has been very bullish without having chance to settle, retrace significantly or consolidate.
price may have to go to 1.25...
1.1550, a key level that the pair has been dancing either side of since august. A break in it could prove fatal or present an opportunity to get in with the bulls at 1.1500 . Confidence appears high, but new highs were recently made so we may not see it surpass the blue trend line without a substantial correction to the downside.