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Yen Looks Overbought

fxsurprise8 Publicado 30 Jun como análisis en USD/JPY, Objetivo: 104.89, Fecha: 1 de Agosto, 12:00 GMT  en #Technical analysis #Japan #USD/JPY #Fomc #Us Dollar #Reversal Pattern #Us Economy #Crisis #Japanese Yen #Stochastic
The Yen looks overbought. Normally a safe-haven currency, the Japanese Yen got bought up aggressively in the post-Brexit mayhem. But as we can see on the 4 Hour chart below, things are starting to change with prices possibly bottoming out. We have now retraced over 50% of the Brexit related move, with possibly more gains on the way.
There are signs of a bottom on longer-term charts as well. Notice below how the Stochastic has clearly hit oversold territory in the USD/JPY. The Stoch moved below 2…
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EUR/PLN Returning to the Mean

fxsurprise8 Publicado 31 Mar como análisis en EUR/PLN, Objetivo: 4.2411, Fecha: 1 de Mayo, 12:00 GMT  en #Technical analysis #EUR #PLN #EU #Euro #Crisis #Election #EUR/PLN #Polish Zloty
The crisis after the Polish election threatened to rock the stability seen in the pair for the past few years. The EUR/PLN rallied from a low of 4.21 to a high of 4.51 in less then one month. But all this changed in the past few weeks.. The pair has fallen from a high of 4.51 to a low of 4.2357 yesterday. The pair is now heavily oversold as can be seen on he Stochastic indicator below.
But I'm not betting on a reversal in this pair. Why? Let's check out a longer chart. On the weekly chart below …
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fxsurprise8 26 Abr

I got one thing right in my analysis and one thing wrong. First, the 4.24 support is exactly where the pair bounced higher from its oversold condition.

But the sharp gains in this pair since April 21st have moved the pair far away from my target, currently quoted at 4.3700.

Let's hope that some of the mean reversion I wrote about comes back and brings the pair downward.

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