AgentSmith

2014 a return to risk positive trends

FX:NZDJPY   New Zealand Dollar/Japanese Yen
147 1 1
Continuing the line of YEN forecasting my aim is to match strong currencies with weak ones. The Kiwi is quite undervalued in the long term IMO especially compared with it's Ozzie counterpart which has already made good gains across the board in recent years.

2013 being a year of risk aversion I look to hold shorts given the current head and shoulder formation but look to cover and load up on longs in the 68 area and below for a run up to 100 (fair value) and beyond into 2015 with a yummy 52% gain & carry trade prospects.
Well this hasn't turned out as I planned, but momentum indicators are still down so would prefer to look for long positions at better entries
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