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.
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.