Yen finding a little strength today and a few shorter term levels have fallen .
USDJPY a tad softer on the day. Nothing much to get my teeth into here having missed the break earlier today. One to keep on the radar to see if we can pull back further to make this a a correction, The base of the last swing low-high and several fib levels to the downside (blue areas) are the spots I will be watching for a bounce or a more meaningful pullback .
GBPJPY is a little more compelling.. A re-test of the trendline /fib /minor resistance (blue line) could be worth a punt short around the 149.0- 149.18 area with a tight stop.
EURJPY Has narrowly fallen through support and at the time of writing is re-testing the the 38.2% fib from the August lows. Need to see a push out below the range here for the double top pattern to come into play, or it will be back to playing the range again..
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019