The HTML translates to: There is a dangerous scent again in the GBP/JPY...
This week, because USD/JPY could not push higher
the dollar/yen pair also faced limited rebounds in the dollar index and cross-yen fell further.
At the end of the month, with President Trump set to give a congressional address
Treasury Secretary Mnuchin stated that there is a possibility of long-term low interest rates
and that there are certain issues with a strong dollar, which led to a dollar-selling dominance
and the USD/JPY not only failed to test higher but fell to the low 112s to close the week.
Originally Mnuchin had signaled a policy of maintaining a strong dollar
and the dollar sell-off accelerated; the US Dow remained around 20,000,
and with President Trump’s congressional address at the end of the month, there may be a risk of fundamentals running dry
which could begin to affect stock prices as well, so this is something to watch.
As introduced in the previous article (Market Compass article), on the daily chart the price is within the cloud, and on the weekly chart
is above the cloud upper boundary, so there is a possibility of testing higher again, but
we should be cautious of renewed declines.
Now here is the Ask Ultimate MAX Pound/Yen chart.
On the daily chart, sell signals are coming in one after another and it is breaking below the cloud
and there is a strong possibility of testing lower levels again.
This is the new product camouflage that captured the Trump press conference market.
Following the Pound/Yen hot-trade article, the camouflage, even on its own,
as you can see, is being kept down and falling as well.
A version upgrade will be released soon.
*The chart is a program scheduled for upgrade.
This is the Ask Ultimate MAX Pound/Yen weekly chart, and we have been the first to signal a sell reversal
and have accurately predicted a major move; note that after the crash it is first touching the Ichimoku cloud
the past few weeks offer interesting developments, don’t you think?
When the weekly sell signal first lit up in years, I featured it on my blog and fx-on articles as well.
From the “currency squeeze” blog post
★ Pound/Yen strong sell signal dropped 2000 points! Explanation with Ask_Ultimate started just before the signal!
Previous article
“Don’t be distracted by overseas news! One wrong step could lead to prices in the Nikkei stock average dropping and a strong yen market….”
★ Currency squeeze Market Compass
It detects precursors of a major market turn and teaches you perfect timing for exits!
It senses ultimate strong/weak market conditions and guides you to exit at perfect timing!
Ask products are also offered in value sets for a limited time.
