USD & JPY - Market Barometer Update
Hi guys, the USD is finally turning on the long term barometer (bottom chart). I would expect USD weakness over the next few trading sessions.
The JPY is weak, but getting close to being over-sold. The short term barometer is about to register a double bottom. Expect some of the JPY pairs to consolidate soon, then push back in the direction of the trends (i.e. good time to enter a trend trade after the pull back).
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
The JPY is weak, but getting close to being over-sold. The short term barometer is about to register a double bottom. Expect some of the JPY pairs to consolidate soon, then push back in the direction of the trends (i.e. good time to enter a trend trade after the pull back).
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
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