AlpacaBlack

EURJPY Monthly, update Sep.6, 2021

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SAXO:EURJPY   Euro / Yen Jepun
Looking that society mainly looking at higher levels within five waves.
Imo we are still in correction till 120-117 before a new uptrend.
Not legal and financial advice;
Any information provided here is only the personal opinion of the author.
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Fundamentals not working already from Lehman.
Too big to fail is the mistake that bring us in disaster of the crisis smashed thru the years.
In history every crisis start from some key bank fall. They just tried to save their own money in 2008.
Today after FED and ECB also! (in even bigger printing cycle then FED) we have situation that will bring a fall of one of the Central banks already.
China with this supply chains war bet on Fed fall seems.
Argentina is the first as usually in LatAm as we are watching another extraordinary devalue of peso.
Nobody care about ECB, but flashbacks can bring them into the spotlights.
Technically it is upside, but anyway thru some weakness.
It will be a race of zombies... who will fall first?
Trade safe.
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