U.S. Dollar / Japanese Yen
Long
Updated

USDJPY - 150 Level of intervention to be broken!

331
Borrow Yen buy Dollars!!!

:)

BOJ will do what they do

Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota...

Beautiful Inverse Head and shoulders in progress

Big Charts ---> Big Patterns ---> Big moves
Trade active
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154.472
Note
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Breakout & retest
oversold on the RSI

Central bank intervention to defend ones own currency is often doomed to fail
especially when using dollar reserves with which to do so
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meltdown in the Yen meltup in Nikkei
Note
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#USDJPY #YEN #JPYUSD

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The #NIKKEI appears to be distributing at our Linear target. Unfortunately, confirmation of a major Top won't be know until we close below that major wick tail.
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