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Nikkei 225 - USD/JPY Correlation

Last year around the summer time I've made this prediction about Nikkei 225, read more here: Nikkei 225 Will Revive Yen Bearish Trend?
Since than there have been many new developments in the market and the macro landscape has been reinforced itself as soon as BOJ has gone full tilt expanding their current QE programme, and BOJ has lunched QQE II on October last year. BOJ decided to increase its amount of monetary base from 60-70T yen to 80T yen, expanding their balance sheet even further.…
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Nikkei 225 Will Revive Yen Bearish Trend?

The Japanese stock market index Nikkei 225 is signaling that we may be on the verge of resuming current bullish trend (see Figure 1)and this may revive the Yen bearish trend.
If you're trading only the Forex Exchange market don't make the mistake of not watching others market for more clues, like the equity market or the Credit market which are having a big impact on forex exchange fluctuations. The world is much more complex and everything is interconnected so that's the reason why we'll have a…
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Neu_spir8 avatar

Good morning pal, nice analysis, the pair on a solid Daily & Weekly Gann angle support  at the time being, we had a weekly close above it suggesting a test to weekly Resistance at least to 103.40-60, Fibo expansion 61.8% if not 104.30 100%, today, we should see a 4H candle close above 102.70 to make it true, all the best.

Daytrader21 avatar

Neu_spir8 As long as we stay above 102 current up swing leg is intact. Thanks for your insights.

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