Flash Crash Moves is about to come again to the markets
USD/JPY Price Technical Analysis Forecast
As you already know USD JPY pair tend to be sensitive to so many other markets..- we are seeing the stocks markets start making Hints of weakening and its reflecting on this pair
(The safe-haven demand for the Japanese Yen is somewhat decreasing as the global risk sentiment has momentarily stopped worsening)
USD/JPY pair move along with the stock market, if the stock market breaks down it could be a sign of “risk-off” and if that’s going to be the case, it’s very likely that this pair will go looking down towards 107.60 and even to 106.40 level.
A breakdown below there would be rather negative and could send this market down to 102 level - break this level will extend the downtrend towards 98.70- 96.70- support
USD JPY analysis |
If we go
back and look at the trend and behavior of the USD / JPY pair we can see some
interesting things
You do
not have to go too far, you can look at the pair's analysis in
2016 - before Trump's election I wrote a review of the pair, the goals were
achieved, but that is not the essential issue
What is
essential is the future expectation of the move, by looking back at the years
98-99 that still show me the same pattern
"Once
again I turn your's attention to 1998-1999
Note the
charts: If the photo is indeed the same, then it is fitting for
COT report analysis
if you will notice well, you can see increasing shorts position if this action continue then we should expect further declines on usd jpy pair
USD JPY position |
All posts on USDJPY
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
No comments:
Post a Comment