A little higher and you would have to concede that a strong trend could be hard to reverse.
However, just here there is a line in the sand that Bears can take advantage of. Technically.
Fundamentally, USD is working out whether fiscal flows V's Fed Rate Hikes are going to bring the USD down or Up going into 2017. The consensus of late is that USD is strong and there is no need to park your money in Japan.
Being a contrarian you may want to go against the herd mentality but don't hold on to a loser as 125 is a target for me after a good pull back.
However, just here there is a line in the sand that Bears can take advantage of. Technically.
Fundamentally, USD is working out whether fiscal flows V's Fed Rate Hikes are going to bring the USD down or Up going into 2017. The consensus of late is that USD is strong and there is no need to park your money in Japan.
Being a contrarian you may want to go against the herd mentality but don't hold on to a loser as 125 is a target for me after a good pull back.
