Building on ECB-BOJ-Abe momentum
Abe calling snap elections to take advantage of the opposition’s mess and better popularity ratings , should keep the current team and m.o. in place . ECB is to taper and BOJ is moving back to the end of the CB queue . There’s already a few supports in the 132s EURJPY ,I opened a fresh long 132.75 for 134.40, the 61.8 fibo of the 2015-16 move down. Will add small dips with a stop/reverse under 132.00/15 short term. Broader picture calls for 129.80-130.50 to hold, where I will open the long again for a more medium term move to 140.
Latest posts by K-man (see all)
- The two big weeks for JPY are here. - April 23, 2019
- Sunday 14.04.2019 FX opening rates. - April 14, 2019
- GBP a tad higher pre-open, the rest quiet on the retail open. - April 7, 2019