Short $USDJPY Against Multiple Resistances

A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top.

Seasonality supports a short of USDJPY in the near term.

評論:

A small short can be done here in advance, and then an addition once we get RSI-14 Overbought if that actually happens. There may be a final move up tomorrow to touch the 50 DMA.

評論:

30Y bonds are becoming oversold on the daily here with an RSI-14 hit. This has only happened one other time in the last 18 months.

評論:

評論:

Real 10Y yield shown (inverted) along with TIPS for reference.

評論:

I am adding to shorts here against the 50 DMA

評論:

Month CAM R4 + Wedge rejection. Looks decent. First target 103.75.