I can see that the DAX has not yet finished its fall, which means that all the YEN crosses are likely to continue their falls. I do expect a 1000 pip bounce in the GBPJPY at some stage. 163.48 would be the approximate price to see the GBPJPY fall to. I am expecting a reversal in the world stock markets around the end of Jan, so Feb 1st or 2nd would be a highly likely reversal date.

Spring has often been associated with a reversal in the markets, although this is the 7th year of the bull run it is unlikely that the markets will fall in spring.I am anticipating a move up to about April then a decline in May followed by a retest of this high sometime in September October, which is the traditional month for a crash. I think December this year will mark the high of the year and the markets will crash hard, possibly declining 60% or more.

So my trading will be to exploit the yen strength and buy the eur crosses as the GBP seems very weak.
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