In 2019 we had what, at that point, seemed to be a break to the upside (Jpy pairs weakness) of a triangle. The beginning of March came with a big reversal from 100 zone resistance and Jpy index is trading now at 90 support zone. I expect this support to be broken and 2020 be dominated by Jpy weakness (JPY pairs uptrend)
a nice rejection from the top should provide a short opportunity down to 106 atleast
19:31:26 (UTC) Thu Feb 6, 2020
Geo-Political Analysis Headline risk out of Asia has been the Coronavirus. The Shanghai composite dropped along with iron ore, reaching their daily limit and risk aversion. Interesting enough this wasn’t spilled over to FX markets which I think stem from traders staying out of the market prior to the amount of event risk inhabiting traders to what could be...