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Tuesday, 17 July 2018

Japanese Yen Basket (Index): 17 July 2018, Tuesday, 11.16pm Singapore Time

Japanese Yen Basket (Index):
17 July 2018, Tuesday, 11.16pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the technicals of the Japanese Yen Basket. The JPY has a bear pennant pole of around 6.00 in measurement (x = 6.00). It has broken down the Yen-Bear Pennant. The projected target down from the breakdown region of 90.00 yields 90.00-x = 84.00 as immediate target. The implication from all these is that with the breakdown of Yen for big JPY wave down, it means stocks-equities worldwide are bullish and ready for the next big wave up.

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