EuroMotif

USDJPY ready for DeadCat bounce? then a leg down to 108 ?

FX:USDJPY   USA-dollar/Japansk yen
UJ has been dropping hard with the stock markets and with gold rising.
And I think it has a little more running room, but should boucne a bit here.

.


Background:
This UJ story starts in early October 2018, with my search for the mythical ''top''
As the downtrend progressed, I started looking for a ''final leg'' down
For a while it seemed we had found a temporary bottom:
But then came the Stock market swoon, so it seemed to need one more leg down yet
Then another bounce when Trump-Xi talks were rumored to be making good progress
After the FOMC rate decsion, I was shorting all JPY with UJ target of 111.50
Then looked for abounce to short into 110.40
And now I am looking for 108

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.