Market looks unhappy that Abenomics will print the same amount of money. Wants him to print more and destroy faster than normally expected every Japanese household that could not possibly afford not even heating their homes, after all this devaluation.
5p wedge so far, needs a strong push to create a swing low morning star that maybe will lead to break the wedge.
Momentum is creating an IH&S pattern and maybe even build one more right shoulder as symmetry hints.
61.8 area, while the upward trend line that provides support comes from 1985 through 2007 lows.
All the best
Cheers
P.
5p wedge so far, needs a strong push to create a swing low morning star that maybe will lead to break the wedge.
Momentum is creating an IH&S pattern and maybe even build one more right shoulder as symmetry hints.
61.8 area, while the upward trend line that provides support comes from 1985 through 2007 lows.
All the best
Cheers
P.
