Betting to Bounce off Downward from the Trend Line

FX:USDJPY   U.S. Dollar / Japanese Yen
311 5 5
2002 to 2011: 2 yrs Bull --> 3 yrs Bear --> 2 yrs Bull -->4 yrs Bear -->3 yrs Bull --> ?starting by a 4 yrs Bear?

as long as the price does not break above the market psychological level of 110 for too long. The gravity             of this pair will be pulling downward
FOMC should take us to 110 easy
+1 Reply
BondGirl.USGFX BulletProof
I guess that you are right! QE ending with interest rate to raise. But Japan is suffering from intentionally depreciating their currencies in order to boost economy, but they failed miserably. A lot of Japanese companies are hoping for a rate of 106 on USDJPY. What is your take on this?
I like the idea and I am looking for 95. But 110 must not be taken out for the idea to be correct
+1 Reply
As a possible

+1 Reply
Thank you so much for this illustration.
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