JohnKicklighter

USDJPY Pulls Back, When Is It a Reversal

FX:USDJPY   U.S. Dollar/Japanese Yen
316 3 9
Conviction is in the eye of the beholder. USDJPY             has furthered its retreat with a notable break below 121.50 - former resistance that turned support. But does that signify a lasting reversal from the pair? To some, that is all that is needed. Those that are more conservative may require further tech levels being cleared, other yen crosses following suit or a more general effort to deleverage risk market-wide. At what level would you call it?
Just watch the JPN225, flight to yen safety from japan stocks, increases yen, lowers this pair levels.
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silinvasiliy claydoctor
what is JPN225?
Reply
claydoctor silinvasiliy
The Japan stock market blue chips. see chart.
JPN225 oversold a bit brief rally, still short
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