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KAIZEN
May 29, 2017 11:21 AM

May Monthly 

U.S. Dollar/Japanese YenFXCM

Description

MA 7 and 30 = very close
MA 50 = although still below, but alr (plus the 2 above) are all flattening

BB = candles are already in band II
cannot break into band I

at support/resistance (broken in mid 2007) level found in 2004-2005

MACD crossing = meandering at middle
Momentum, CCI and stoch = declining


Econ calendar
US - 15th June 2017 = Fed i/r, FOMC econ projection + press conference
>> minutes = 6th July 2017
Jap - 16th June 2017 = BOJ i/r
>> minutes = 21st June 2017


Take away
Cannot read anything atm
Watch June (After completed) post FOMC econ projection (<as something to give safe movement)

Comment

It is consolidating.
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