USDJPY: Weekly analysis - Trend up possibly

2017년 3월 30일

This is a weekly breakdown of the patterns in USDJPY, showing the power of Tim West's methodology in action. I'm back in the long side here, bought at 110.611, and will let it run until we retest the supply at the top of the range at least. If we do get there it will be interesting to see how it navigates through it, or, if it tops and goes back down.

The market has some upside left, to the tune of 10%+, so it is likely that investors will use the yen to get some free money to invest in US assets. We have record outflows from japanese bonds and stocks, and it is likely that this correlates with the move back into the US for foreign investors.

Cheers,

Ivam Labrie.

2017년 4월 8일

노트

2017년 4월 11일

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2017년 4월 11일

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I think it's about to turn up. I started averaging into a long position earlier today.

2017년 4월 14일

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Monitoring the correction, it's not done yet...