FX:USDJPY   U.S. Dollar/Japanese Yen
904 16 7
Dollar Yen at a crossroads - the next move could have major implications for both bulls and bears. Stay tuned!
LEONES PRO
3 years ago
yes I agree nice pattern, I'm bullish here
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DuncanParker PRO LEONES
3 years ago
Thanks Leones! I'm neutral -- waiting for a break one way or the other before committing capital. Minor pattern is neutral for now, imo.
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LEONES PRO DuncanParker
3 years ago
sorry i was talking about the Japanese / USD. where Im long. Nice one
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failathon PRO
3 years ago
I like the spot of the daily .vs. weekly wedge .. what's the "Sidewinder H&S Top" .vs. a normal H&S ?
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DuncanParker PRO failathon
3 years ago
@Fail - "Sidewinder" is just a way of describing a H+S Top that doesn't do the typical, horizontal formation; they form upon a trend line and are characterized by a neckline reflecting rising support. Sounds fancy, but exactly the same thing really. @Quora - The correlation between Euro/US a few years back was amazing, but has since become less apparent. The Yen Carry-Trade appears to have had a lot of influence on the recent rally. You may hear people say "The strong dollar has been good for stocks lately" what they are referring to is back when a weak dollar/strong Euro was good for the US equity markets as opposed to now where a strong dollar (or more appropriately, weaker Yen) has been positively correlated with US equities. Thanks for the comments, hope this helps!
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motleifaul
3 years ago
This is a study. It seems now that the corelation will result in both underlyings decline.
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motleifaul
3 years ago
So, what is the conclusion?
Short term doesn't it look bearish any longer, does it?
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DuncanParker PRO motleifaul
3 years ago
Hey Motleifaul, sorry! Just saw your comments man, my bad! I hope this update helps!
snapshot
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