USDJPY ahead of British Referendum
Just hours before the British referendum we will like to show the implications of Brexit or Bremain on USDJPY
Bremain: A relief move towards around 113 is almost guaranteed
Brexit: A plunge towards 90-95 is definitely in the cards
Note that usually there is a positive correlation between USDJPY and US stocks.Since early 2016 this correlation was broken.We believe that during the current move the correlation will be reestablished which means that USDJPY and SPY will move in the same direction.
Currently there is some positive RSI divergence which favors Bremain.
In or out? Pick your poison...
Brexit: A plunge towards 90-95 is definitely in the cards
Note that usually there is a positive correlation between USDJPY and US stocks.Since early 2016 this correlation was broken.We believe that during the current move the correlation will be reestablished which means that USDJPY and SPY will move in the same direction.
Currently there is some positive RSI divergence which favors Bremain.
In or out? Pick your poison...
USDJPY ahead of British Referendum
Reviewed by Information
on
03.35
Rating:
Tidak ada komentar: