USDJPY uptrend continues

FX:USDJPY   U.S. Dollar/Japanese Yen
Good afternoon Traders,

I hope you are all enjoying your weekend, many of you have been asking my views on the election results - seeing as I have many followers who are Trump supporters, i would like to start by congratulating you guys on the W. Marginally I thought he was the better candidate, not that I thought either were great.. in the same breathe the amazing thing about living in a country like the U.S is that one person does not single-handedly make all the decisions.

In any event moving onto the USDJPY             , tactically overbought trend may dip to offer better buy point USD/JPY             rally isone to be long and buy on dips. Below we can see the already formed bottom pattern in the daily chart and the trend following bullish signals;

Overbought momentum pullbacks to 105.50 or 104.40 can be bought in anticipation of higher technical levels being reached, including 107.45, 108.40 and 111.35.

Please see related ideas and success in JPY to understand my previous accuracy with this pair, it is very seasonal to trade and congratulations to all my premium members who have been making the most of the volatility . You will see I did call 110 some time ago, and with ABSOLUTELY no drawdown we are almost there! (Chart is called USDJPY             110 next stop 16th August).

Another exciting week ahead, as most of you know my stance on eur.usd already I will also be posting another update for this pair soon.

Enjoy your weekend, and should this chart help please support by giving it a thumbs up!

All the best and GL.
Comment: Given the /dx has so much room this is only just getting started!
Trade closed: target reached: 114.70
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The Trump win is playing out as a major boost to USD and, to a lesser degree, risk sentiment for a couple of reasons. Investors seem to be focusing on the positives associated with Trump's plans for fiscal stimulus, comprehensive tax reform and improved governance in the US while downplaying the negatives from growing protectionism. In addition, US political risks are not expected to resurface before yearend, allowing investors to focus on still fairly resilient US and global economic data, as well as the December Fed meeting.
The USD should remain the main beneficiary in this brave new world of 'government funded' economic optimism, rising inflation expectations and abating political risks. Indeed, markets are starting to perceive the Trump win as re-invigorating the USD-divergence trade. Trump's policies could support US growth but penalise America's main trading partners. Overtime, this should trigger more inflows into USD. Next week's US CPI and retail sale data as well as Yellen's testimony could trigger further steepening of the UST curve ahead of the Dec FOMC meeting.
Hard to believe since Gold is to visit 1380 near term. Congrats to see you around again. Don't go for a ban again! ;)
TheBanker PRO MetalCruisers
@TPparadigma, don't see 1380 since the /dx has much more room to go, lower targets on /gc to come
TheBanker PRO MetalCruisers
@TPparadigma, why don't you share your 1380 vision with us all
MetalCruisers TheBanker
@TheBanker, I have shared it already banky and am aware to buy any time soon. But no need for vision as price on chart at 1383 will speak for itself, all needed is patience. Cheers and good trades.
TheBanker PRO MetalCruisers
@TPparadigma, good luck, 1380 isn't happening for a while so prepare for some drawdown
MetalCruisers TheBanker
@TheBanker, ok ok. I leave from here. tc
TheBanker PRO MetalCruisers
@TPparadigma, no problem, take care my friend.. let the charts do the talking
TheBanker PRO TheBanker
@TheBanker, a picture speaks a thousands words as they say
TheBanker PRO MetalCruisers
@TPparadigma, do you believe now?
I agree.
@render, glad to hear my friend!
You are a real master and Forex Star.
+1 Reply
@efazil, haha, thank you for your kind words
Usd/jpy has wave 4 started?

I hope we get bad NFP so we get a nice re entry level.
Good call mate

Lobster's on you this time ;)
@TheBanker I have watched this trade from the time u posted it, Absolutely brilliant !!!! . I love your fundamental views , as I also do not solely depend on technical analysis. But please tel me where do you get the charts or the positions that Morgan stanley or GS take ? U have stated in many of your charts
I have researched a lot but i cant find it
PS help
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