quantguy
Short

JPYUSD Still a Good Shorting Opportunity

FX_IDC:JPYUSD   Japanese Yen / U.S. Dollar
JPYUSD             had been consolidating nicely in a pennant type pattern. Two days ago, we saw a nice breakout. Is it too late to get in on this? Check out the levels. Currently, we appear to be in a vacuum area, with the nearest point of support from below on August 28th. After that, we have to reach back to August 12th. Further, as shown in the attached link, the fundamentals really aren't there either.
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