USD/JPY 108.66 COULD RESOLVE TREND IN A STRONGER YEN
USD/JPY HAS BEEN CHARACTERISED LATELY BY A STRONGER YEN,
FORECASTS FOR A 12 MONTHS HORIZON DO ARGUE FOR A DOLLAR/YEN BREAKING BELOW USD/JPY 100.
THE WEEKLY SKEW CHART SHOWS A WEDGE PATTERN OVERALL THAT SHOULD BE RESOLVED
WITH THE EXCHANGE RATE BREAKING OUT TO THE DOWNSIDE, GIVEN ALSO THE CONSISTENT MOVEMENT
OF THE CANDLESTICK TREND BELOW THE 200 MOVING AVERAGE LINE. THERE CAN BE SEEN THE ICHIMOKU RESISTANCE
AS A BEARISH SIGNAL AND ONLY A FEEBLE TENKAN LINE EVENTUALLY AS A SUPPORT AROUND USD/JPY 107.90
WITH THE KIJUN LINE AROUND USD/JPY 107.35, USD/JPY BREAKING THESE SUPPORTS WOULD GIVE A DECISIVE HINT -10%
FOR MORE SHORTS POSITIONS ON THE U.S. DOLLAR
FORECASTS FOR A 12 MONTHS HORIZON DO ARGUE FOR A DOLLAR/YEN BREAKING BELOW USD/JPY 100.
THE WEEKLY SKEW CHART SHOWS A WEDGE PATTERN OVERALL THAT SHOULD BE RESOLVED
WITH THE EXCHANGE RATE BREAKING OUT TO THE DOWNSIDE, GIVEN ALSO THE CONSISTENT MOVEMENT
OF THE CANDLESTICK TREND BELOW THE 200 MOVING AVERAGE LINE. THERE CAN BE SEEN THE ICHIMOKU RESISTANCE
AS A BEARISH SIGNAL AND ONLY A FEEBLE TENKAN LINE EVENTUALLY AS A SUPPORT AROUND USD/JPY 107.90
WITH THE KIJUN LINE AROUND USD/JPY 107.35, USD/JPY BREAKING THESE SUPPORTS WOULD GIVE A DECISIVE HINT -10%
FOR MORE SHORTS POSITIONS ON THE U.S. DOLLAR