2Greedy
Short

2016 Yen outlook

FX_IDC:USDJPY   US DOLLAR / YEN
74 0 1
UJ has ranged for the most part of 2015, closing almost exactly where it opened at the beginning of the year.

This means on the yearly it should form a doji after a huge rally that it had in 2014...you know what that means right?

Yes now there are 2 possible scenarios: UJ will either make another attempt to close above the high of 2015 in 2016, or take profits on the previous years rally will ensue and UJ will try to return to equilibrium on the yearly timeframe.

Either one will be just as profitable with a decent RR on the yearly tf.

Confirmation will be when price breaks out of the red box, but I am very greedy so i have already started to build up my shorts so that when it rockets out of the box I can buy when every1 is selling like a pro :P

Anyway GL, cant wait to see how this year closes and what next year holds.
2015 has been a very good year dont you agree?
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