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  • 2 Patterns in Yen Provide Key Levels to Watch

    From dailyfx.com

    The Japanese Yen trade for 2013 has been spectacular. The Yen has weakened over 20% in the past 12 months which is a tremendous move for a currency. This means the USD/JPY exchange rate has rocketed higher to levels not seen in the past 5 years. Strong trends need time correct and catch their breath. With such a strong move higher in the USDJPY, the pair needs a healthy correction before taking on the next larger move. When analyzing the forex charts for the USDJPY, we are seeing signs of an exhausted move that is prone to a deeper correction. The pair appears to be carving two patterns which both point to price ... (full story)

yen still on bullish
  •  Guest
  • | IP XX.XXX.56.243
Quoting rick2flee
yen still on bullish

hahaha , go back after you know what is mean bullish
That could be part of abenomic. and as one part of the traction for its economic growth.
This analysis is garbage.
Quoting Jgcole83
This analysis is garbage.
Even a garbage can be seen as an analysis. I conclude the writer tries to tell us that JPY will not top 105.89 in January. The range of JPY will be 100 - 106. If it breaks out of 105.89, then throw the analysis away as if it was never there.
Quoting frx_trader
Even a garbage can be seen as an analysis. I conclude the writer tries to tell us that JPY will not top 105.89 in January. The range of JPY will be 100 - 106. If it breaks out of 105.89, then throw the analysis away as if it was never there.

Don't throw away, just look for another analysis.
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  • | IP XX.XXX.244.12
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  • Posted: Dec 31, 2013 2:58am
  • Submitted by:
     Newsstand
    Category: Educational News
    Comments: 6  /  Views: 2,214