Weekly Forecast For the Dollar/Yen

In line with my monthly outlook for this pair price has been moving tentatively short - any further movement down will depend on the dollar index which also looks short. Take any downward movement on DXY as a signal for this to move to the channel bottom. Do not trade unless you see a correct set up.

I'll update my ideas as they develop
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This is not investment advice - it is purely for educational and discussion purposes.
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Steve Nixon - logicfxtrading

Comment:

Another correct forecast so far. Provided the dollar continues to weaken we should see this come even deeper. Any correction with in the channel could present a shorting opportunity.