ArnaudKleinveld
Short

December 12 - Forex Armageddon

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Revised projections, if we are going down, we might actually go all the way to 75 or lower.
Comment: The red arrow straight down does not give the timeline estimate for the fall back down. To reach a target of 75 JPY for 1 Dollar I estimate the total time required at 50 business weeks, so say one whole year to reach target that low all the way from 114. This does not take into account any likely delay at every major support level, which might easily add another 6 months to the total for all levels.

Of course, the above only stands when the Dollar keeps falling. The Dollar may recover from all bearish sentiment and make its way back to the top. Or should we start thinking of a new base currency for all pairs? To be continued....
Therefore the 111,00 will only be the initial target and we should sharply going down in the coming months? If that is true i should also buy a put option on the stock markets, right?
Reply
@lu1977hk, Correct, I expect that the pair will go down to the final target over a period of 3 months. March 1 will probably become another turning point. Sorry, I can't recommend anything on options and stock market.
Reply
lu1977hk ArnaudKleinveld
@ArnaudKleinveld, sorry final target being what 75, 98 or 103?
Reply
@lu1977hk, my apologies for my belated reply. Super busy with everything and TV is also mainly nieuw to me. At time of writing I predict the pair to reach 100 JPY for the USD before the first of March. See my latest ideas for updated targets.
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