yen crosses vs. dow?

how are your feelings about the american equities market doing a retrace of the past 2 months rally sometime in september? perhaps the dow will retrace back to 9000, maybe 8800, & then from there do a bull rally to at least kiss 10000 before the year is over? if this were to happen, do you think the gbp/jpy will fall to ~150 & then rally to 170?

I agree that financial markets are in for a retracement....

Now, this is my current take on geppy...

I entered long last Thursday...waiting for it to get back to 158.....

See annotated charts.

Best regards,

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PS: I will post my take on the SP500 index shortly, as well as the dollar index (DXY0)........BTW, the dollar index is about to break up, that means stock markets (in NA) will most likely experience a retracement.

Like you, I do believe that we are about to experience a retracement in the markets....

A clean measured move up just completed, and usually when thsi happens, a clean retracement to the 23.6 fib level follows.

FWIW

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Who knows, but the price action for the USD INDEX is clearly showing it is about to break up......

to where??, I do not know, but I can tell you that in similar circumstances, DXY0 tends to retrace up to the 76.4 FIB level....

FWIW,

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