This is a forecast for wave 4 of the intermediate wave 5 extension
The 50% candlestick range of 4H is suitable for the long position
waiting for a retracement to go short again I may never happen so I will go with a small amount first
SELL GBPJPY for a nice short entry position with a 1:2 risk to reward.
( Because it will be need!! ) ... and the hands-down, no-contest winner is: The Japanese Yen - and it's denominated securities. Ohh, just off of the top of one's head; ... and just how many more clues does one require??... For real.
This pair is about to take a multi-year dive (not, yet!) speaking volumes of a developing global crisis (risk-off). Here is the Daily for more precise timing.
SHORT this spread endlessly!! Here is the Weekly The "math" bears this out, readily! NIKKEI225 has a 13%-15% advantage - including FX - over the SPX. This is by far the best Equities/Risk spread out there if one must be long equities. (... which one ought Not to want to do under any circumstance, at these levels! :-) Here is the FX component - USDJPY
SELL AUDJPY while its possibly dropping down to a previous support zone.
EURJPY could potentially drop in a long term down trend and this is just the beginning. I have placed an approximate 1:2 risk to reward ratio to accompany any slight retest to the upside.
Hey traders, how are you going? Here is our take on GBP JPY - a long term view. The eyes - are sell targets The eyes - are potential buy zones. it depends on your outlook. Why are we selling? The reason is - over exposed buyers, the GBP is very week right now Seeking trade deals and the weakening of the GBP is clever for the trade balance and...
SELL CHFJPY looks nice to sell at this level for a swing trade.
SELL EURJPY while its on its down trend, I have made a short term target and a long term target (long term is more accurate).