Viewing a response to: @rollandthomas/forex-analysis-report-10-5-18-usd-jpy-momentarily-range-bound-but-potential-about-to-break-out
Agree on the long term trend. Bit of congestion around that 114 area and US coming off may see JPY strengthen. Important long term breakout in the Nikkei and Topix also suggests it goes higher longer term. Have a look at the long term Topix chart, looks pretty bullish as long as support holds. https://steemit.com/trading/@technicaltrader/nikkei-225-topix-the-bigger-the-base-the-higher-in-space-significant-rally-ahead
| author | technicaltrader |
|---|---|
| permlink | re-rollandthomas-forex-analysis-report-10-5-18-usd-jpy-momentarily-range-bound-but-potential-about-to-break-out-20181005t154620542z |
| category | forex |
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I'm not familiar with Topix, but I like the inverse relationship between the yen and Nikkei. I like your analysis on the dollar as well...all supporting going long usd/jpy. The X factor will be the US equities...the long term trend is still up.
| author | rollandthomas |
|---|---|
| permlink | re-technicaltrader-re-rollandthomas-forex-analysis-report-10-5-18-usd-jpy-momentarily-range-bound-but-potential-about-to-break-out-20181006t024618009z |
| category | forex |
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