riffster21

USD & JPY - Market Barometer Update

OANDA:EURUSD   Euro / US-Dollar
Hi guys, the USD is finally turning on the long term barometer (bottom chart). I would expect USD weakness over the next few trading sessions.

The JPY is weak, but getting close to being over-sold. The short term barometer is about to register a double bottom . Expect some of the JPY pairs to consolidate soon, then push back in the direction of the trends (i.e. good time to enter a trend trade after the pull back).

This is not investment advice, just my opinion(s). Please trade accordingly.

Trade safe and keep an eye on news.
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