On June 15, I wrote an IMT (unpaid part of this website), pointing out to the 40-month cycle in USDJPY, implying that USDJPY has already seen the peak. Since then, the pair has fallen by more than 400 pips in at least three occasions. Yes, it has also rebounded few times, but selling the bounce has proven more rewarding than buying the dips. Here is the JUNE 15 CHART. Some may say the problem with such long-term cyclical analysis is timing. That's where the role of momentum charts comes in to back up our Premium trades, which we use to confirm and update our central thesis with the rationale part of each trade. The addition of 1-2 per week videos for our Premium subscribers has been instrumental in fitting a lot of ideas & saving me writing. The last two Premium trades in USDJPY produced more than 200 pips each. Friday's market reversal comprised a crucial development to our central thesis. The next 3 weeks will witness a bloody battle bwteen bulls and bears. All of this will be broken down in this week's Premium trades, charts & videos. Good luck & be careful.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
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