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
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
the Trading View is my Nation
the Moderator Tag is my Flag
