JPY is one of the very few currencies which clearly outperformed the USD in the past 5 months. Additionally it slowly reaches a big support level (see weekly chart below) where we've seen the latest Japanese central bank intervention (76.3ish). Will it happen again?
It might offer a good long opportunity soon. However, get out if the support level breaks.
It might offer a good long opportunity soon. However, get out if the support level breaks.
No comments:
Post a Comment