The YEN looks to either break down and continue down all year, or break up above the triangle, and cause a lot of confusion for the Japanese finance ministers.
Version takes into account the positive solutions in the Mediterranean basin. The structure will work to generate impulse. We are waiting for the end of the fourth wave.
Short the Japanese Yen has been by far 'The trade' of 2013. Now entering its 22nd week of a downward correction CRI's weekly commodity trend survey (www.therationalinvestor.ca) suggests the short came in at 123.99. Initial targets were hit and far exceeded and any remaining shorts from this trade (if you were able to trade multiple lots) ought to be considered...
JAPANESE YEN after more than 5 months downtrend has formed a consolidation pattern and seems ready to reverse. I would buy above Thursday high with reward/risk a indicated in the chart. Domo Arigato!
