Shortterm: Short? Kissed the holy 61,8 Fibo!

FX:USDJPY   U.S. Dollar / Japanese Yen
1745 10 58
The Pair assimilates the Brexit. The massive selloff reached intraday till 98,8. Will we aim that Level again?
The deep dip was bought directly and endet at the holy fibo 61,8 @ 103.32.
Trading below that Level will perhaps reassume the main trend. For that Szenario i have illustrated a cyclical shortposition.
Only Prices above 103,4 will brighten the shortterm chart.
Trade active: Downmove in full swing...example trade triggered
Comment: We are trading belwo the last valid "2"...a further downmove can be exspected
Comment: Triangle breakout could come..... still bearish character drop till 100.4 / 99,5 is realistic ..only prices above 101.5 will brighten the chart in this timeframe
Comment: if we will trade below the last orange "2" it could be time to adjust the initial sl
Trade closed: stop reached: what the f......!
BOJ this morning. Better said, japanese Minister of Economy. UJ may go high from here till 29th of July...
marihuana-aktien captain_smollett
Thank you for taking the time to make that chart.

I agree with your conclusion. I think more money will flow into JPY seeking safety. Bond yields are crashing despite the SPX regaining most of it's losses due to Brexit.

My view still is the same.

We will continue to see capital go from right to left.

marihuana-aktien Silver-Silver
Great comment, thx for that. i fully agree with you. My chart is a pure technical view, without any fundamental backround. Greez
Nice...I've got similar take on it...
already broke the trend line in the 1h chart. waiting for the pull back to short @102,745
TOP :-)
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