CajunXChange
Short

running out of juice #usdjpy

FX:USDJPY   U.S. Dollar/Japanese Yen
118 1 1
USDJPY             is running into a multi-year trendline as resistance. Pitchfork intersects with trendline ~108 with RSI over 70. Remember what Kuroda said years ago. As long as its trading >100, there are no worries. On the other hand, Japanese exporters are getting squeezed at 94, but at the same time, energy import costs are hurting.
They are walking a tight line and something has got to give. Cycle line beginning in 7/08-3/11 indicates change at the beginning of December. I just can't chase Yen up giving the risk/reward setup.
Who Knows? We could hit that 110 with a nasty fake But then I wanna see 96 ; )
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out