USDJPY Very Bullish on Monthly Chart
Here we can see the zoomed out macro map for the flows in usdjpy. If you are a believer in the bullish USD story and see this as an ABC corrective leg, after completing a multi decade 5 wave sequence.
Timing wise we have the seasonality flows to Yen as we approach the end of the fiscal year. Although the name of the game is to park in dollar so these are expected to be short lived. Similar in nature to the temporary bounce we are seeing in Gold.
I have also attached the Dollar chart "Long term uptrend is clear as day" ... everything is aligning for this leg in dollar across the board. The story ties in with the 1.05 target in EURUSD.
Lets see how it plays out, best of luck to those on the dollar side.
Timing wise we have the seasonality flows to Yen as we approach the end of the fiscal year. Although the name of the game is to park in dollar so these are expected to be short lived. Similar in nature to the temporary bounce we are seeing in Gold.
I have also attached the Dollar chart "Long term uptrend is clear as day" ... everything is aligning for this leg in dollar across the board. The story ties in with the 1.05 target in EURUSD.
Lets see how it plays out, best of luck to those on the dollar side.
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