USD/JPY - the long term trend line is broken - Forecast 2019
2019 could be a real bad performance year for USDJPY, but why ?
First reason is the broken long term trend line from 2012. There is another long term trend line from middle of August 2016 which is last important support line. If this support line breaks the way down to 90-95 is open.
The second reason is the weak US economy (Trump is an I**ot and will kill the American economy step by step) and a soon recovery of the Japanese economy. They started already with economic support programs for the Japanese industry. I expect a good and healthy grow for 2019 in Japan.
USD/JPY need an soon breakout above 115 to start a new rally otherwise I expect slow and steady downturn in price.
Good luck and don´t forget to share & like.
First reason is the broken long term trend line from 2012. There is another long term trend line from middle of August 2016 which is last important support line. If this support line breaks the way down to 90-95 is open.
The second reason is the weak US economy (Trump is an I**ot and will kill the American economy step by step) and a soon recovery of the Japanese economy. They started already with economic support programs for the Japanese industry. I expect a good and healthy grow for 2019 in Japan.
USD/JPY need an soon breakout above 115 to start a new rally otherwise I expect slow and steady downturn in price.
Good luck and don´t forget to share & like.
Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
