USD/JPY targets 1986 levels but correction may be close at hand
I have been bullish USD/JPY for a long time in the macro portfolio.
We are now reaching levels last seen at the end of 1986 (the year before I started trading it) so even I haven't seen these levels (above 160.40) LOL!
We are however way overdue a correction/consolidation. I am not advocating going short, just I would not be going long/adding at these levels, the R/R is no longer favourable.
We are now reaching levels last seen at the end of 1986 (the year before I started trading it) so even I haven't seen these levels (above 160.40) LOL!
We are however way overdue a correction/consolidation. I am not advocating going short, just I would not be going long/adding at these levels, the R/R is no longer favourable.
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