Short $USDJPY Against Multiple Resistances

7. Jan. 2021

A falling wedge has formed for USDJPY. There is likely another short building here against the 50 DMA and another H4 RSI-14 Overbought top.

Seasonality supports a short of USDJPY in the near term.

7. Jan. 2021

Anmerkung

A small short can be done here in advance, and then an addition once we get RSI-14 Overbought if that actually happens. There may be a final move up tomorrow to touch the 50 DMA.

7. Jan. 2021

Anmerkung

30Y bonds are becoming oversold on the daily here with an RSI-14 hit. This has only happened one other time in the last 18 months.

7. Jan. 2021

Anmerkung

7. Jan. 2021

Anmerkung

Real 10Y yield shown (inverted) along with TIPS for reference.

8. Jan. 2021

Anmerkung

I am adding to shorts here against the 50 DMA

12. Jan. 2021

Anmerkung

Month CAM R4 + Wedge rejection. Looks decent. First target 103.75.