Is it going to land back on D or is this an introduction to an all time high to ever be witnessed on USDJPY. I am tempted to say it is going back to land on D, but with the political instabilities building across the US and the world in general, it is hard to say.
It seems to me that this will be a short term buy then a short term sell, which will then decide on the next big move for either sell long term or buy long term. But for now on a short term, it is a buy for a 1/2 day.
Looks like it won't stay long. All time High with a possible short term Bearish.
Long short term building up, which will be followed by a short trade.
Just waiting for a few more days before shorting USDZAR. Probably by Friday, also considering the upcoming NFP, sounds like a good sell to me.
After a long bearish market on this pair, I do think that it EURO has been oversold and it's time for a bounce back.
At this point, I am still waiting as I see two possibilities here.
This could be one of the most climbing moments in the SA economy. Check the related link attached too.
This could be one of the most climbing moments in the SA economy. Check the related link attached too.
Get ready for the next move.