----USDJPY----

My trader station isn't working for some reason this morning.. So can't really trade.

UJ enters a ST format. I love triangles. They always seem to work. Finally some volatility in the currency markets. It's time to trade...

Hopefully it touches 90.69 before heading back down. I have noticed trends of bouncing against the trend lines, it usually bounces at least 3-4 times before it finally breaks. Usually the 4th and 5th approaches to the trend lines must be traded with caution and take note of any news regarding the currency pair.

Hoping to catch a breakout.

UJ continues it's downward direction.

Current status: Untradable. UJ chart patterns = 0

UJ Thread.

Initially I've placed an entry order at the bottom of the triangle... similar to GU, then thought against it as I was trading on uptrend for EU, which theoretically meant that, UJ should go down because I am expecting USD to be going down. Thankfully I removed it.

My thought on USD is right in the FA section for the news of USD... contraction period for USD and the world economy ahead. though it probably won't last as long as the previous contraction. this time I think it will be shorter, and expansion(uptrend) amongst the world economy is near. Finally the light (end of recession) can be seen.

Suspected backlash on USD soon, a scene shown in currency pairs of EU, GU, UJ.

Placing a long entry order for UJ as below, in terms of japan intending to make JPY stable, which meant keeping rates healthy and not making JPY too strong.

wanted to post this before it happened but apparently the forum is down for some reason.

UJ double top spotted. this coupled with GU's drop, make the GJ extremely favourable for a downwards trend due to bounce against top of triangle.

"Backlash on USD" achieved. - Actually redemption on JPY more appropriate.

JPY is now with major intention to depreciate a lot. I suspect back to at least above 100 levels...

UJ uptrend.

Expect randomness for UJ, as people are messed up in their thoughts on USD and JPY, not sure where the heck it wants to go.

Current UJ direction.

Trend in H1: Down
Trend in D1: Down
Chart Pattern: Descending Channel, Descending Triangle

Expected Direction: Down