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Houston /
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2023-09-25 14:01:40

Houston on Nostr: Watch out - USDJPY heading for multi-year highs. Remember that of all the G10 ...

Watch out - USDJPY heading for multi-year highs.
Remember that of all the G10 nations, Japan is furthest along the path of monetary experimentation.

Daily -

3 x outside-inside and break to the upside.

The triple outside bar is noteworthy as we can now certainly expect a range extension.

Weekly -

The weekly chart shows a continuation of the momo up condition. We will see how long this condition will last.

Putting this out there as a possibility - but a re-test of the 200 pivot is a long term possibility and would likely be the result of a very large macro event.
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