A=C @ 102.50 W=Y ` 100.51 USDJPY is going down towards the target range, most likely reaching 100.50 before very big bounce/start of new uptrend. See the rally towards 107.50
The unsettled buying balance of arbitrage trading (refer to the previous analysis) at TSE ar 0.4 trillion yen Buy dip and buy more if this breaks above 75MA (weekly) and RSI trend channel.
Showing similar patterns to bottom. ECB, FED and many other central banks are going to cut rates and to increase MB. Gold is going to go up and so does this stock.
at TSE below 0.4 trillion yen recorded 3 periods March 2009 September 2016 and June 2019
.. is about 0.54 trillion yen, the lowest level since Feb 14th 2019 and Dec 27th 2018 (and July 2016) where you know what happened. That is, longs can outweigh shorts soon, although technical and fundamentals indicate otherwise. I am not sure what will trigger this move to upside... Maybe US-China trade deal, maybe Abe will declare snap election with intention...
CADJPY can extend lower towards 79.40~78.30. Other JPY XXX are showing similar patters.
Buyers/short cover may win over shorts in short term. no surprise if it extends lower though.
and 4th wave correction has begun. 38.2% of the 3rd wave is around $2100. With the deteriorating economic data and earning forecasts, this is possible scenario.
Managed to break above Dec 2018 high. if it can penetrate through $14 which was huge support in the past (currently resistance), it can march higher towards $20 first. Gold is bullish. Short term target is $1343. US10 year yields are bearish and target is 2.11%.
Likely to test these levels before pull back. We are in July 2010 Tesla share.
In the mid term, upside target is $90+- as long as it holds above $42.21. In short term, upside target is $64+ as long as it holds above $51.16