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Technician
Feb 6, 2016 4:53 PM

USDJPY: A Bad Omen for the Stocks Market 做空

U.S. Dollar/Japanese YenFXCM

描述

A bearish breakout would be a bad omen for the stocks bulls. And would confirm my bearish view for the stocks market.
We have broken below the main long term rising trend line recently, a follow through the major support level around 115.50 would be seriously bearish for the pair and for risk around the globe.

More about the stocks market in the related ideas below.
Also check out is risk here to stay? and Three economic indicators warn of a recession!

Best Regards,
Technician
thefxchannel.com/
评论
pardis
thanks tech...as usual u r the best....and its my idea on daily
FXSayWhat
Did you know there was a hike in last Dec? did you see the strong job report last Friday? and 105.50 level? hum....
Technician
It already fell almost 1000 points since then. These are old stories, look into the future.
Csys
Agreed.
Technician
Thanks Buddies.
I want to stress on the point that we need to see a break first.
Olu
Thanks Technician. We must get a breakdown first. There is no point selling into a bounce or a recovery. the downside if confirmed is enough to lose the highly speculative first 75pips or so
jhakas
agree..! uj and spx500 still coiling around supports but still holding.. spx500 holding 1870 and has been tested 3 times but everytime pushed above 1900.. but 4th test of 1870 indeed dented some bullish push.. as now spx500 @ 1881.. if anyhow break of 1870 in spx500 then i see 1st sign of uj to crack 116.. and if holds and went up above 1900 then i see uj towards 120 again..
Olu
Hi JHakas. Well done on that Nzd trade. Applause. Applause. Applause
jhakas
thx.. nfp given nice retracement in nzd.. so another buy opportunity..
moorekapital
tRUE, THAT ONE
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