USDJPY | Road to 125.00¥
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COVID crash signaled the beginning of a global economic reset. Trillions of stimulus all across the planet. Balance sheets got fatter than ever. This resulted in a financial overheat in all markets, as the excessive amount of $$$ that got injected got out of hand, raising inflation to unhealthy levels in the US.
Crypto totally rocketed, precious metals rose and risk on markets also saw incredible gains. All this turned out to give birth to a meme market mania. Wall St. Bets, NFT mania and Silver squeeze gave markets a new form that the oldschool investors failed to adapt to. This was the first time that Bulls and Bears turned out to be members of a cult and not just simple market participants.
It's August 2021 and FED announced that they'd start tapering. Only a few weeks later, rumors came out that markets will probably like the tapering phase and stocks will move higher than ever. Experienced market players still deny the possibility that we're in a bubble, and this is what fuels the newbie meme market players with excitement.
However (!), the Dollar reacts as it is expected. Seems like the news don't trap USD bulls into flipping their bias, and the greenback will have a very favorable Q4.
Just when crypto markets started building their gains back after May's crash, the king Dollar comes to block the bullish flows from driving prices higher. Inflation might not be as permanent as many want to believe. FED might be right this time. The majority will be caught in a trap again...
USDJPY broke out of its bearish trend in April and is now ready to start a rally that will pop eyes out of their sockets. Gates to 125.00 are way more open than most think. Everything will happen very quickly. Just one breakout, and, that's it. Everything will start changing back to 'normal'.
DXY will follow, USDCAD will also go 'Jetpack' mode. Inflation will get back to the healthy numbers in the next few months.
Thanks for reading! Feel free to express your opinion, always in a proper, kind way.
Crypto totally rocketed, precious metals rose and risk on markets also saw incredible gains. All this turned out to give birth to a meme market mania. Wall St. Bets, NFT mania and Silver squeeze gave markets a new form that the oldschool investors failed to adapt to. This was the first time that Bulls and Bears turned out to be members of a cult and not just simple market participants.
It's August 2021 and FED announced that they'd start tapering. Only a few weeks later, rumors came out that markets will probably like the tapering phase and stocks will move higher than ever. Experienced market players still deny the possibility that we're in a bubble, and this is what fuels the newbie meme market players with excitement.
However (!), the Dollar reacts as it is expected. Seems like the news don't trap USD bulls into flipping their bias, and the greenback will have a very favorable Q4.
Just when crypto markets started building their gains back after May's crash, the king Dollar comes to block the bullish flows from driving prices higher. Inflation might not be as permanent as many want to believe. FED might be right this time. The majority will be caught in a trap again...
USDJPY broke out of its bearish trend in April and is now ready to start a rally that will pop eyes out of their sockets. Gates to 125.00 are way more open than most think. Everything will happen very quickly. Just one breakout, and, that's it. Everything will start changing back to 'normal'.
DXY will follow, USDCAD will also go 'Jetpack' mode. Inflation will get back to the healthy numbers in the next few months.
Thanks for reading! Feel free to express your opinion, always in a proper, kind way.
Nota
Main position running nicely in profit. Now we need a fundamental catalyst to make the move higher sustainable, and not just a profit taking opportunity for the day traders. A clean break above the highs will signal a position add and a stop loss trail higher in order to maintain the same risk level while increasing our potential reward. Safer move would be to move SL to entry in order to secure a risk-free trade, at least.
Penafian
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