lawlee9
Long

EURJPY Similar structure in play

FX:EURJPY   Euro / Japanese Yen
29 0 2
We saw a falling wedge structure shoot prices back up back in 2010 - 2014. There after, we saw a sharp decline in prices creating a similar structure. I am already long from 115, and expecting price to rise to T1: 127.2, T2: 138.8, and ultimately to a LT             price of 170. After brexit, the yen was looked to as a safe haven currency, but now with brexit news settling, we're seeing a release of the yen. The BOJ has also been looking to increase their QE program to get their inflation rate inline with their plans. SO, a lot of things in play here to bring the yen value down, thereby bringing xxxJPY pairs up. I'm long EJ             and GJ currently, and holding for the medium/long term.
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