[quote=FX-Petra;1774635]
Thats the best explanation I've heard so far. . .
I was wondering if anyone esle was watching these pairs and saw something different.
Also, I agree if GU makes a run at 2.000/2.0100 while UJ holds steady I can see GJ going a bit higher maybe 229 but not much more than that unless the fall we are seeing in UJ is a false break which is possible. Could be that the stock market is bringing it down.
One thing I do know is UJ usually is the leader in carry trades trends so if it starts to fall typically we'll see other carry's follow, followed by majors. . .
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There is no question that from a risk perspective, GJ will see 225.50 before 230.50(my year end price). As I said, from a UJ daily perspective it will not happen if it goes to the bottm of its channel---below 107. Best we can hope for from GU is hold steady or a little higher (2.0100). I must admit that from a GU and UJ daily persepctive 230's are not looking good short term. Maybe we will have to retest the GJ channel bottom before we can get to that infamous 50 fib line near 231.50. Long term, I still belive we will hit that line before we go below 220.Ignored
I was wondering if anyone esle was watching these pairs and saw something different.
Also, I agree if GU makes a run at 2.000/2.0100 while UJ holds steady I can see GJ going a bit higher maybe 229 but not much more than that unless the fall we are seeing in UJ is a false break which is possible. Could be that the stock market is bringing it down.
One thing I do know is UJ usually is the leader in carry trades trends so if it starts to fall typically we'll see other carry's follow, followed by majors. . .