To illustrate today's analysis, I propose a model of statistical discrepancy on currencies, in order to justify who is the real leader of the financial markets, which seem to accuse a global pre-slowdown of the financial markets. So I gathered a basket of generally aggressive currencies to which I oppose them to a basket of defensive currencies; After algebraic...
Holidays are among us and I am taking the time to prepare for what is ahead. Not really spending to much time on the intraday charts as I believe all currencies are still preparing for the big moves. I like to hold pairs for up to a week and it just doesn't make sense to enter trades now as holidays approach next week.
On this chart you'll see that the Yen was...
Global growth slowing, markets are heading into bear market, EURO/US/UK all have their political sovereign problems, no place to hide.
Is it time to go long the JPY? JGB bonds yielding low returns provides stable returns in the current world of volatility.
JXY approaching support at 87.3
After that, there is 2 possibility idea on this pair.
Either it can break and go down for some day or start making new lower hight toward 89 before continue to down
Try look at weekly chart to get the bigger picture