Johanes
Long

JLS USDJPY Med Term Target Zone 106.50-112.50-117.50

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY heading back to 117.50 from 106.50 with possible pause at central parity 112.50. Large pullback at 112.50 could be seen by the strengthening of USD against major pairs. Long/buy likely good by two tranches to look for 1x550 PIPs plus 1x 750 PIPs, including pullback. The upward lifting the JPY-pegged pairs to upward to their central parities/central bands ( NZDJPY , CADJPY , AUDJPY , GBPJPY , EURJPY and CHFJPY )

Comments

do you consider it has already touched the 106.5 and the move has already started or it shall retouch the 106.5 area and stabilize from the lows before resume the upside ?
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Johanes lapin_eliott
@lapin_eliott, first week of January the 106.50 already touched
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@Johanes, we could say the same for the eurjpy and gbpjpy targets, for which however you consider that they are still underway though.
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Johanes lapin_eliott
@lapin_eliott, Read my update on GBPJPY, I made mistake. Target already reached. On EURJPY narrower than estimated and mixed wide. CHFJPY narrower than estimated and mixed. USDJPY, NZDJPY, AUDJPY, CADJPY, GBPJPY, EURJPY, CHFJPY upward, but becareful the wide of target zone not disclosed.
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