something for ACD land here. What do the pros think? Bullish Number line here on a 5 day rolling after today. Looks as if TOS is missing some of the hourly data today.
USDJPY trying to confirm a monthly Aup...is this over extended? In hindsight the better buy would have been at the QTR Adown failure.
Imho not necessarily overextended in the long term it could be just start of the move as those sneaky japs caught everyone off guard. They need inflation and to deal with huge debt so who knows how much pain they can tolerate. Of course chasing market and buying now @115 can be risky. If it makes monthly A up soon then pullback to 115 could be better entry point with more conviction. Just my 2 cents, don't know how others trading
Kyle Bass thinks it's going to 175+. Remember where this thing came down from, it use to trade over 250. This move hasn't even started yet. Short term, yeah it's a little stretched.