I would like to highlight a few points on US dollar index. Please see comments on the US DOLLAR INDEX chart.
If US DOLLAR index would reverse trend (or it may be that it is already happening) so i would like to think that USD JPY will have a nice drive down in a few weeks.
However by looking to the monthly USDJPY chart i can see that there is a very nice hummer which acctually means that price can go uptrend for a while (as pullback) however overall USD JPY trend can be downtrend.
On the daily chart i can see pullback right now which means that price very soon can reverse and continue to go down.
NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.
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