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my forecast for the EURJPY pair. The MACD cross downwards is a very potent signal for a bearish trend.the 4 hour charts also confirm this bearish possibility.i see the markets going as low as 120 on the EURJPY. Even with the bank of Japan measures to weaken the currency, all technical indicators still point down. i expect a major leg down before the end of may. the JPY pairs may spike up and possibly make new highs, but those areas would just be better places to take short positions. I expect th…
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Bears In the Month of May
Sell in May and go away. This is a very popular market quote. i see the Japanese yen pairs all turning bearish in the month of May. The MACD cross on the daily charts. the 4 Hour charts also show weakness and divergence.MACD on the 4 hour chart also showing some weakness.target areasThe BOJ can try all they want, when the market perceives any uncertainty investments in safe haven currencies like the JPY, USD and CHF will increase.