top of page
Search

Yen will keep strengthening

Updated: Nov 9, 2019

Keon:

Trump criticized J Powell to be a bigger enemy as he tweeted on Friday right after J Powell spoke. This conflict between the president and the Fed chairperson has brought nothing but uncertainty about upcoming Fed policy that led USD weaken sharply on Friday.

Besides this, US-China trade war has been weighing on $ and strengthening safe haven currency JPY.

I target at least Fib 68.1 retracement of last swing down on 1H.



 
 
 

2 Comments


Keon Consultancy
Keon Consultancy
Aug 30, 2019

The whole move down since Friday seems still valid.


Like

Keon Consultancy
Keon Consultancy
Aug 26, 2019

The risk: If the price goes back and closes 1H inside the triangle, we'll close U/J and take loss.

Like
  • Facebook Social Icon
  • Youtube

© 2010-25 by KeonConsultancy.com

 

 

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

 

Past performance is no guarantee of future results. Your capital is at risk in Forex & CFD trading.

bottom of page