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USDJPY : The LONG term view

FX:USDJPY   U.S. Dollar/Japanese Yen
134 0 8
A look at the monthly USDJPY             chart shows that we are in the build up of the right shoulder of an inverse head and shoulder formation (since 2003             ). We are now testing the support line at the 100 region and may even get to 90 (just my personal guess, but rather 97). Target Ranges in red and green are calculated from point and figure charts. The long term target from inverse shs             formation would be in the range of 170. Since USDJPY             is maybe the most important carry trade this will affect many asset classes...
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