Hi guys, the JPY is over extended on the long term barometer. In addition, this is a double top for the JPY. I have no idea why, but the JPY love's double tops and bottoms. Expect a reversal for the JPY pairs very soon. We may get one more small push, but the JPY can't go much further without consolidating.
The AUDJPY appears to be the most over extended at the moment. I am waiting for confirmation of the reversal and then I will buy the AUDJPY.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
The AUDJPY appears to be the most over extended at the moment. I am waiting for confirmation of the reversal and then I will buy the AUDJPY.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
