The USDJPY has hit the 161% extension and still looks very weak.
It looks ready for a bounce and I may short on a rally towards 110.
Disclamer: I am not short any XXXJPY pairs, will look to short on a bounce.
Thursday, April 7, 2016
USDJPY
USDJPY on the daily has broken down. The strength of the jpy when the stockmarket is going up makes one feel worried and the market conditions.
The USDJPY has hit the 161% extension and still looks very weak.
It looks ready for a bounce and I may short on a rally towards 110.
Disclamer: I am not short any XXXJPY pairs, will look to short on a bounce.
The USDJPY has hit the 161% extension and still looks very weak.
It looks ready for a bounce and I may short on a rally towards 110.
Disclamer: I am not short any XXXJPY pairs, will look to short on a bounce.
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