Dark Ride
I already made more than 1200 pips on usd/jpy and eur/jpy, however I think now we are witnessing beginning of much bigger move on monthly. Without further due, eur/jpy first:
...and weekly:
Now usd/jpy:
Couldnt post usd/jpy weekly anymore dunno why but its not that important, you should get a picture where in next +- 2 years jpy should go and where important liquidity lies. Remember price can make very ugly moves in between and on its way. just look at last downtrend of usd/jpy!
Fundamentally, japs are about to monetize european debt as they already do US:
http://www.zerohedge.com/news/2013-01-07/japan-may-or-may-not-mint-...
Btw US is secretly monetizing EU already. This all mean inflows into EU.
To sum it up, jpy now provided us some interesting opportunities and setups. I know about whats going on in EU so its not easy to pull the trigger. And its also bit late since we are off bottom liquidity levels, but IMO still not too late. Will u too join a Dark Ride? :
PS(u can always scalp your way up too, right Peter? ;)) )
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Comment by Romano on January 10, 2013 at 2:34pm
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Comment by Stephano on January 10, 2013 at 2:55pm -
Oh many pips for riding! What is dark, for Japan? Haha wowow
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Comment by Romano on January 10, 2013 at 2:55pm
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yups sorry, one more zone on eur/jpy weekly to watch, although I dont thing it would cause major reversal but it may have a *strong* pullback
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Comment by Romano on January 10, 2013 at 3:04pm
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Hello Stephano, dark because I dont think ride will be as smooth as till now, I do expect jumpiness to appear very soon. But just like with plane travel, you may experience turbulence before reaching your destination - first I expect around 119 on eur/jpy as shown on the pic.
But it can be dark for Japan too, their relationship with China is escalating and they plan to increase military budget - well since they have debt already they can only finance it with more debt... aka printing. To sum it up, they will monetize their own debt, debt of EU and US AND to finance military. On top of that, cleaning radiation will cost trillions. Where is safe haven in all that?!?!
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