aceofswords
Long

USDJPY LONG, JUST TAKE A LOOK AT THESE CORRELATIONS

FX_IDC:GBPEUR   POUND STERLING / EURO
327 0 11
I've inverted EURGBP0.84% and EURAUD             to illustrate more clearly, when shown alongside JPN225             and CADJPY0.75% , my belief that despite the apparent weakness of the USDollar-0.41% , USDJPY             may still have some upside to come, which could take the price up to and beyond my initial TP of 120.492... I also see EURGBP0.84% falling, thus reinforcing my view. For reference, any correlation above +80% or -80% is viewed as very strong. whilst the upside may be comparatively nominal, my view is that this lack of follow through will finally signal a break out to the downside..... I see maximum upside risk capped at 120.90.... I will be posting EURGBP0.84% & Detailed USDJPY             charts in due course. I hope you find this info useful, these correlations are well worth noting for future reference.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out