FOREXSURVIVOR.COM: DEVIANT DOLLAR ANALYSIS

FOREXSURVIVOR.COM: DEVIANT DOLLAR ANALYSIS




WHY NONY TARGETS EURO 11600 & USDJPY 12700

¥ There is nothing wrong anymore in seeing YEN spooking the weakness.

Future forex targets will be deviated from the market thinking. Analysis of the whole basket, and in a simple method, I could defend my analysis without paying attention to

ü Supports / resistances
ü High / low / closing
ü Interest rates
ü Banking decisions and their long term briefs when traders look for short terms

Starting with the yen basket, it appears that the market has no care for overbought / oversold levels and that may drag for more months, and momentum is weird.

Yen Crosses has reached new levels and would price more weaknesses till year end. The query is why USDJPY is not following to new Highs?

• TIME is the major concern. USDJPY will reach at least 12700 by year end because EURJPY/GBPJPY/NZDJPY/AUDJPY all screen highs not seen for decade.

So USDJPY will follow a screen decade to new high, ABSOLUTELY. Traders, please, pay attention to the buzz headlines, they will help the USDJPY fascinating to new lows while the fact USDJPY will form the ladder towards 12700 the least.

€ As a matter of fact, since USDJPY prerequisites determine the future target @ 12700, then euro is not going to see 13000 but rather at least 11600 if not 11200, and that would be waved hectically.

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