USDJPY: We are heading down... 90's 80's and even 70's possible!

The pair couldn't break out of the current down channel it is in as we have expected earlier on and now it's looking more likely that this channel is not complete and even we may get a break below the channel for more downside as the overall fundamentals are driving this pair down like crazy unless BOJ is able to do something that can stop the appreciation of the JPY which may need some more muscle provided the uncertainty in the global markets and JPY being a safe haven.

IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.

Bình luận:

Bình luận:

Bình luận: