123ish is key long term resistance.
if the global rally has legs and USDPY reaches that level at the same time than other indices reach key levels, watch
I really dont know, Market is so weird:
All agricultural commo: DOWN
Europe looking balistic but overbought.
US on cliff.
Rates telling a very bearish story even if overdone locally.
Crude: could have a local bottom.
USD overbought in general with possibility of extension....
Conclusions are very tough... There is risk to the downside on everything.. It's a junction.
we are not yet on forecasted target + You could have excess those targets being too clear.
We are in a world of excesses. You need to factor what you could not think about 3 months ago.
As per my views: I map things, when i see a trade either tactical or strategic, i trade it. Here i see no tactical trade, even less a strategic one... so i keep mapping until something interesting knocks the chart.