AndyM
Short

Carry-trade unwind, short USDJPY

FX:USDJPY   U.S. Dollar/Japanese Yen
454 3 15
The move from 100 to 114 was corrective and is likely fihished. New lows are likely, 93..100 is the target region.
Note that at the same time EURUSD             will move down into 1.00, and USDJPY             will go down to 100. EURJPY             target is therefore at circa 100.
But if the EURUSD will move down that meant the USD is going to be stronger the other !!! how come USD will lose thousands of pips for the JPY ???
Reply
AndyM PRO MoeHelou
@MoeHelou, I was thinking the same, but then I checked EURJPY, and there we also have a lot of downside potential. The green ABC is a correction, and it is therefore supposed to be retraced to the downside. In order to achieve this we need EURUSD to go down _and_ USDJPY to do down too.
snapshot
Reply
@AndyM, Nice idea but be careful from the EURUSD there is huge support and the price will not leave it in that easily .
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out