Once Again USD is Poised for Upside Acceleration vs. YEN

USD/YEN is pushing up towards a test of its Aug high at 103.00, which if hurdled, should trigger upside acceleration that will revisit the 2014 high zone at 104.10-105.50, on the way to my optimal target zone of 108-110 thereafter.

At this juncture, only a decline that breaks 101.50 will compromise my bullish outlook for USD/YEN (YCS, ETF).

Our model portfolio is long ProShares UltraShort Yen (YCS) at 65.20 from May 21.

  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!