USDJPY – July 06, 2023

Well, this is one of those that you wait, in this case almost 9 months, for the pattern to appear. I almost tried it at the ABCD but something just told me to wait. Now, we have a 1.618 price projection right on top of the lovely .786 and a bunch of other ratios.

Why is this a big deal? Because the top up at 151 was a major top. Thus … for us Fx Junkies, we need to short USD vs JPY at 146-147 and if I’m right this is going to be one heck of a ride down.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

3 thoughts on “USDJPY – July 06, 2023”

  1. Hi Bart thanks for you’re work. I’m a fellow San Diegan. Hope you enjoy the area. I also am a trading novice. Interested in you’re idea to short yen dollar. How or what instrument can I use?

Leave a Reply

%d bloggers like this: