Clearly bullish, yens are very, very weak across the board and dollar is recovering nicely.
One thing I see, the slope of this channel is very steep. Could be an unhealthy trend.
But it is so far above the 200 SMA that at this point even a retrace to that average could be a very big trade.
I highlighted one zone for the pair. Could push past into the next zone.
Watch for NFP this week.
One thing I see, the slope of this channel is very steep. Could be an unhealthy trend.
But it is so far above the 200 SMA that at this point even a retrace to that average could be a very big trade.
I highlighted one zone for the pair. Could push past into the next zone.
Watch for NFP this week.