Big level on dollar yen
Attempting a second break out from twenty plus year resistance.
Maybe Japan will get the most wanted for three decades inflation after all.
The huge IH&S formation gives the unbelievable probable target of 175.
Shake outs are to be expected as it is already in the overbought area but
last time RSI was this high the pair travelled north nearly 1,300 pips before
correction.
Who knows, maybe we will stay years in this trade, like
USDTRY
Cheers,
P
Maybe Japan will get the most wanted for three decades inflation after all.
The huge IH&S formation gives the unbelievable probable target of 175.
Shake outs are to be expected as it is already in the overbought area but
last time RSI was this high the pair travelled north nearly 1,300 pips before
correction.
Who knows, maybe we will stay years in this trade, like
USDTRY Cheers,
P
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