Investazor

USDJPY - Rising Wedge

FX:USDJPY   U.S. Dollar/Japanese Yen
158 6 0
Well Well, a reversal pattern...see our full analysis at www.investazor.com
Investazor
3 years ago
USDJPY fell under the lower line of the Wedge.
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Investazor
3 years ago
and now under 100.00 level.
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USDJPY is going through a correction at the moment. This whole month could see the Yen drop to 95/94 levels and could probably last into early/mid July. The monthly chart shows some nice bullish candles that were formed, so a correction is definitely due. Once this bear run is done with, Yen should be reaching new highs in the region of $112 - $117.

P.S: Loved your chart on Apple. I went long simply from a fundamental point of view (I guess after reading an article on how its going to be Tim Cook's Apple from here on). $500 is my exit level.
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Investazor justatrader
3 years ago
USDJPY looks bearish from both perspectives technical and fundamental, but i believe that a close under 99.00 would trigger a drop.
Thanks, I didn't read any news about Apple at that point, went only on price action. Pretty glad you liked it. 500 would be a good level for AAPL.
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Investazor
3 years ago
96 target hit
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Investazor
3 years ago
Stopped at 94.00
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