AUDJPY IS IN A DOWNTRND CHANNEL. SUPPORT 75.40 AND 74.92 THE TREND WILL ACCELERATE BELOW 74.8
CADJPY IS SHOWING SIGNS OF AN INITIAL DOWNTREND FORMATION. LOWER LOWS ARE SEEN INVALIDATION OF THE DOWNTREND IS AT 80.52
IDEA IS NEARING SUPPORT. A BREAK BELOW 7.5 WILL INVALIDATE THE BULLISH MOVE.
USDCHF HAS A GOOD POTENTIAL IN EITHER WAY. WATCH THE 0.9136 LEVEL FOR CLUES
USDCAD HAS BROKEN THE SHARP DOWNTREND FROM 1.3300. IT HAS BASED AND NOW GIVEN 1.3157 AS THE BUY CONFIRM LEVEL. BUY AT 1.3157 AND STOP AT 1.3098.
USDJPY IS IN TIGHT RANGE. BREAKOUT LEVELS AT 105.81.
USDJPY IN TIGHT RANGE ...105.8 WILL DECIDE UPWARD BREAKOUT. 104.8 IS THE ULTIMATE SUPPORT
Sign of recession Bond yield inversion as 3 month yield greater than 10 year:
Long USDCAD at 1.3030 Follow us if you need such trades.
Bearish red candle at end of a trend suggests new downward momentum.
USDCAD based on canadian bond spread is looking for confluence level at 1.33.
USDJPY is a yield spread currency and hence trading it requires spread analysis. Currently the US10Y to JGB10Y is down at the lows and showing no signs of a pickup.
USDJPY tepid slow movements will not take it too far. We see Iran risks and trade war risks to continue to put pessure and hence a test of 108.4 support. Short 108.79 Stop 109.2 Target 108.4 and 108.1