djmitchb

J61 Japanese futures USDJPY EURJPY

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CME:J61!   None
Japanese futures in a sideways wedge, about to test 200MA on daily, as the base of the wedge has already been tested I expect it to move to the top of the wedge. I will be following wedge for break either way but my expectation is it will continue long as it is in an uptrend since 2015 and it has already breached this wedge in March 2018 when we saw the low in USDJPY. This will mean most pairs against JPY will be short USDJPY EURJPY etc.
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