ChrisPulver
Short

USDJPY - Yearly Pivot and Equities Correction

FX:USDJPY   U.S. Dollar/Japanese Yen
314 3 5
We have now 3 yearly pivots that may be targeting price for the USDJPY             . This trade will be best serviced with risk aversion and a sell off in stocks, but we don't have to guess when the USDJPY             will stop going up. This is a sell below the low trade and get the party started to see if it can run and trend down to 114.20 area.
What happen if SP500 break 2100 and up to 214x?
Could USDJPY break and hit 124?
Just my view!
Let's wait and see
Reply
Yes it absolutely could - that's why I'm not guessing we SELL USDJPY now. This trade is going to be invalidated if it takes out the high and most likely the USDJPY will return to 122 or target 125-130
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I like this ALOT
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