Japanese yen – Ready for big move!!


Japanese yen was consolidating in bullish symmetrical triangle for the last couple of months. The end of this consolidation period is at sight and eventual breakout on the upside will produce  good rally with triangle target @128.50 area (graph below show JPY future) and 76 area for USDJPY currency pair.  Get ready to jump on!!!!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: