USDJPY M.
A wider perspective. Notice how after sustained selling (from July 07 and May 15), the timeframe for return to previous highs is relatively similar.
An interesting, longer time-framed perspective of cable.
7 year distinct range
6 year distinct range
1.20 represents a key level. Does cable break below the 6 year range low? Or are we set to see reversion back to 1.40?
Only time will tell.
