Sforex
Short

USDJPY: WHEN SAFE HAVEN CURRENCY RAISE ITS VOICE

FX:USDJPY   U.S. Dollar/Japanese Yen
168 0 1
I go into detail immediately. We have in turn safe haven currency and risk currency table:

Risk Currency Safe Haven Currency

AUD NZD CAD EUR GBP CHF USD JPY

Japanese Yen             is the most safe haven currency. It's bought when global economy actually has a real problem.

But what is the current problem which raise the pessimistic view of investors around the world ?.

- Grexit
- China

We still not have a positive solution for Greece , and China stock market jumped to the hell recent days.

While we don't know when FED hike rate to lift up the hope and optimistic view.

All explain why investors enhance to Buy Japanese Yen             ,and I think this trend will continue.

And I want to remind that : BOJ said that: There is no more stimulus this year. That's enough. They cut all hope and reduce catalyst for a positive rally of USDJPY             .

AUD is the top risk currency, and JPY is the most safe haven currency.

Hence, AUDJPY             will hit hard

- Technical Analysis .

Fundamental Analysis I talk about why USDJPY             would fall down,and bet on the downtrend of this pair.

Technical Analysis is used to find where is the target of the trend.

In turn USDJPY             will test following supports:

- SMA50 first ( already break).

- Bullish trend line ( already break)

- Kumo cloud

- SMA 100 ( red) : 121

- SMA200 ( black) 118.40

I see a wedge pattern on the chart. If the wedge cannot hold USDJPY             , the decline will extend.
----------------------------

Any contact: LH admin: admin@trackingforexsignals.com
Support: support@trackingforexsignals.com

Website: www.trackingforexsignals.com
FB             page: https://www.facebook.com/sforexsingals

Best Regard!

- -TrackingForexSignals.com--

Do the Right thing- Think the right way.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out