USDJPY: A Bad Omen for the Stocks Market

FX:USDJPY   U.S. Dollar / Japanese Yen
4054 23 122
A bearish breakout would be a bad omen for the stocks bulls. And would confirm my bearish view for the stocks market.
We have broken below the main long term rising trend line recently, a follow through the major support level around 115.50 would be seriously bearish for the pair and for risk around the globe.

More about the stocks market in the related ideas below.
Also check out is risk here to stay? and Three economic indicators warn of a recession!

Best Regards,
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
out of curiosity, could it be possible that pair breaks below long term supports (as it has) and then bounces back above? Would it not make sense that it is unlikely and it falls back down to 105 level? Thoughts?
Technician tradestocks101
Ofcourse It can do that.
Thanks tech. What do you think would happen if it breaks below 115.50 (as it has) but then moves back above it?
Technician tradestocks101
Lets wait for the weekly closing as this is a long term support level
Did you know there was a hike in last Dec? did you see the strong job report last Friday? and 105.50 level? hum....
+1 Reply
Technician FXSayWhat
It already fell almost 1000 points since then. These are old stories, look into the future.
Agreed sir, capital inflows into Yen and Gold is a bad sign for stocks. I believe that last friday's weekly close was a nail in the coffin for the Nasdaq.
smitheric1970 smitheric1970
Technician your analysis is always great. My current analysis is
Thx and good luck
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out