A great opportunity for Shorting USDJPY
Dear Friend I will update you soon about YEN recent bullishness.
Regards,
KHAN
Regards,
KHAN
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I am in it since 109.32
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Price just retested the neckline and major fibos and pulled back.
Also see how EMAs acted as a resistance.
Also see how EMAs acted as a resistance.
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Below is a comparison between weighted average indices i.e., CAD, DAX, FTSE 100, FTSEMIB, NIKKEI, NIKKEI futures and Weighted average YEN (red line).
As it shown they are negatively correlated and just notice how they are moving toward each other hence we should see stronger Yen hence bearish USDJPY.
As it shown they are negatively correlated and just notice how they are moving toward each other hence we should see stronger Yen hence bearish USDJPY.
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And if you compare weighted average indices with USD weighted average (red line) you will see how they are positively correlated. But notice the drop in indices has not reflected in USD YET! Hence a dop in USD is what I expect according to the chart shown below.
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All indices grinding lower. Can we see 1% drop in UJ today? hmmm