hehe
Long

$USDJPY - Golden Week - Time to Decide

FX:USDJPY   U.S. Dollar/Japanese Yen
488 6 13
We have Golden Week in the Japan - time for relaxation and reflection. I hope that Mr. Kuroda will take a decision without waiting for a G-20 summit. On the chart we see standard behavior following fifth wave extension. Time to change the direction.

http://thepatternsite.com/EWExtension5.html
Trade active: ... still bullish:

snapshot
Trade active: ..waiting for #BOJ extra meeting.
I like that..!!!
+1 Reply
Harmonic prz + Weekly/monthly res.
USDJPY - Daily
+1 Reply
PC_8009 PC_8009
USDJPY - abcd
+1 Reply
In fundamental, the Japanese Yen will go down. The market is totally irrational at this moment. The Government can only manipulate their own currency through Deficit Spending and Interest rate fluctuation. Well, Japanese government print tons of money, spending through Deficit Spending. So, the money supply increases. Therefore, the value of the Currency should go down not up.
+1 Reply
hehe peterchung16
This is precisely the forex - one big manipulation.
+1 Reply
I believe the Yen will be trading inside the Trading Range. Simply, there is no reason to go up further, because of the massive stimulus program in place. There is no reason to go down, because the negative interest rate. The current rally is sucking weak hand, who only understand the Price Action. The fundamental just wouldn't support any rally or any fall.
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out