rjtchch

The Yen melt up

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FX_IDC:JPYUSD   Iene/Dólar EUA
Watched a video about an economist talking about Japan's problems, and how deflation may happen as a result. looks like almost 30% gains against the USD is possible over the next couple years.

There is a symmetrical triangle withing a larger triangle depending on how you draw it. Price has respected both of these levels so if it can clear the next one, with a successful retest and continue moving then its probably off to the races!

We are at resistance so failure to break it would send us to the bottom of the triangle and then perhaps that means that it is the USD's time to have a run.

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