USD/JPY - We are approaching a key area in the Yen!

What's key about this area - The trend-line down.


Many fundamental aspects: Noting down the 5/10yr T notes as well as inflationary aspects.

If you're interested in fundamentals keep an eye on: key areas in these pairs - EUR, USD, RUSS, SPX, 5/10 Yr T Notes & Precious metals.

The best thing i've learnt to do this year - Diversify your portfolio, allocation is key.

There will be no movements of rates till 2% inflation. Just a reminder! We could see rates unchanged till 2022.

Let's think about - Stimulus, elections and many other events to take into longer term perspective.

However basing this on just technicals today on the Yen (USD/JPY) 4HR:

That key trend-line down, if we do go above bulls are back in control - till next resistance areas about. Keep in mind - making sure is it a fake break out? To see clarification - see the break out and the pull back does it go back to the lower support areas or does it rise further?

If we don't break towards trend-line areas we still got the trend of bears in control.

You would be taking a counter-trend trade when this occurs lowering the risk is key!

Remember: Just an idea, not a recommendation!