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TrendLINEBoys
Sep 1, 2022 3:25 AM

USD/JPY Possible 30-50% Move Incoming. Long

U.S. Dollar/Japanese YenFXCM

Description

I explain it in the video. Pretty much looking for a 4 hour or 12 hour candle start above the current level of the 12HR hulls. This price is at 139.592. There is more nuance I don't feel like explaining, because it would take too long. That's why I make videos.

Gains on USD/JPY looks so much better than USD/EUR or Eur/USD. When/if EUR/USD falls under .90, it will almost certainly be better to rotate that instead of USD/JPY. USD/JPY looks very attractive though if it can find support above the above said area.

Comments
FuturesIntelTM
Looks like there was a big move up since you posted this eh? Nice call.
TrendLINEBoys
@FuturesIntelTM, There certainly was, but looking at the long term on USD/JPY makes it seem that there could be much more to go. Obviously in general, if the stock market goes down the dollar goes up and vice versa. To that point, if we don't drop on the market (though it still looks possible to drop after a 4-6% move up) and other countries don't decrease their interest rates, it will be interesting to see where the strength for the movement comes from: A stronger Dollar or just an incredibly weak Yen.
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