I have seen many charts with Sell setup for this pair. I beg to disagree with them.
Most of the reasons I have mentioned in the chart itself. The upmove has clear support of fib and the structure is showing lots of strenth.
$index and $Yen have +ive correlation now.
$ is bullish for this year, with minor retracement correction expect now.
>> I think this is the time to build bullish positions for $Y. The upmove is going to be strong one it breaks the 23 % fib level.
Comments are welcome please.
Most of the reasons I have mentioned in the chart itself. The upmove has clear support of fib and the structure is showing lots of strenth.
$index and $Yen have +ive correlation now.
$ is bullish for this year, with minor retracement correction expect now.
>> I think this is the time to build bullish positions for $Y. The upmove is going to be strong one it breaks the 23 % fib level.
Comments are welcome please.