Bankofjapan
MARKET SETTING UP FOR ANOTHER GBP FLASH CRASH???!!!GJ has began its fall, and there is a very large range to fulfill, the question is, what fundamental movement in the market will drive the plummet and to what extent? Many complex factors will fuel the move down, and it is imminent.
USDJPY FINALLY A SHORT?I'm personally expecting more upside to uj as exhaustion is not prevalent on higher timeframes, however, it is a possibility that a correction will begin in the coming days/weeks. A better entry for a short in my opinion is 121.4 area, however, if bearish market structure emerges i will look for short entries.
NZDJPY IS A CLEAR SHORT, ENTER ON RETRACEMENTBearish market structure has emerged on nzdjpy, a lot of downside is in sight.
USD/JPY : Wave Theory??Here's my graph on USD/JPY
The indicators used suggest a decrease from A to the support area (B). The bank of Japan has announced an eventual decrease of the interest rate, which implies an increase of USD/JPY.
Feel free to comment and to give me your opinion.
