USDJPY - stay alert - for poss. reversal
- Thread starter deadbroke
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Low 91 is a solid magnet on monthly chart, I have little doubt that Ninja will head there. Second target is 50% retracement which coincides with divergence measured retracement around 102. If Japan is "toast" quoting Kyle Bass, then perhaps this massive monthly divergence is a sign of a huge turning point, for that JGB yields have to raise dramatically & that will kill JPY.
Quote from deadbroke:
If USDJPY
4H close > 85.6 .... go Long & hold for weeks
4H close > 86.0 .... add to Long & hold for weeks
(try to break the 6/day premature ejaculation bad habit)
prelim. targets ..... .... 99 and 109
That was posted on Sept 25. We know we are going to 99 and perhaps 109 and beyond
but its tiring waiting for this clown to get going on the 4H frame.
AND the 144 m.a. on 1H.
Draw 4H fib grid 9-14 to 9-17. Then see the resistances
1H lesbian resistance force @ 144 m.a. and 200 m.a. = 61.8% fib.
4H lesbian resistance force @ same m.a. cluster @ 50% fib.
more bitches at major downtrendline thru' 38.2% fib
and only then we get to the daily frame.
The bitches are in control here.
The only thing that can get thru' these resistances is a bonafide reversal i.e. the downwave completes. Then all these bitches will run for the hills as UsdJpy charges out the gate with a hard-on.
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