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Sunday, November 07, 2021

"FOREX CORRELATION" JPY pairs

"FOREX CORRELATION" JPY pairs

continuing my last "Lazy analysis on Franc-Japanese Yen" i'm using other JPY pairs as leading indicator for trading in CHFJPY this week (08-12 November 2021)
it turns out japanese yen is strengthten due to its fundamental where japanese economist.. or.. the chief of something there (i don't know much about fundamental, lol) said that he do wants japanese yen to be cheaper but not this fast

so, all these JPY pairs are in correction phase before continue to rally and i think there's a good opportunity for a short sell in these pairs: USDJPY / CHFJPY
but my focus is in Franc pairs, details are in the next post



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