Maxmillian

Is the USD/JPY pair setting up for a new huge move?

FX:USDJPY   U.S. Dollar/Japanese Yen
Bonjour,

The JPY pairs have a reputation of being temperamental ... and rightfully so. Throughout my professional trading career, I've traded these pairs quite successfully but I'm also aware how quickly they move.

As I looked over the weekly charts of the USD/JPY             today, I realized that we might just be seeing the start of yet another huge move to the upside. The Bank of Japan (and other institutional investors) haven't done much recently to defend their own currency. Especially when comparing it to the mighty USD.

Although the patterns aren't symmetrical or fall under the rules for classical chart pattern rules ... maybe and just maybe this might be the trade of 2016? If that's the case, are you ready for it?

À bientôt,
Maxmillian DuPont
(www.myfxlifestyle.com)
Happy to play the contrarian
USD/JPY - 2015 Miyagi Dandruff?
Reply
yes absolutely
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out