SGDJPY moving within the channel
Updated
Looking at the SGD/JPY long term channel it is moving within the channel for over past 20 years. Within the channel it is having 4 years cycle. With the latest upmove touching the upper hand on the channel ... Soon the trend for downtrend would also start. Having Yen assets may provide good run over the long term period.
Note
SGD/JPY still operating within the channel and the top of the channel acting as resistance. View still intact to this day. Adding to JPY assets against SGD still seems good trade.Note
Trading roughly around 6% premium over long term resistance level.... BOJ surely doesn't like these moves ... lets keep an eye when the resistance level is hit again
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