I am not a trader, but I did take a certain long term position a while ago based on what I see as fundamentals of the JPY. Despite those fundamentals, it has shown strength. Where do you see USDJPY going short, mid and long term?
No clear trend for a mid and long term trade here,short term it is in a downtrend , so if I am short USDJPY ill put a stop at 113.80---it looks about to break 1.11 on the downside which can accelerate the move.
https://www.tradingview.com/x/RtVLj4bZ/My favorite plays at this time is shorting the USDNOK, currently 7.9830, with oil going up and USDNOK was at 5.00 in 2009, also the USDILS but is a little late to short since it is down from 4 to 3.40 .
Take a look at the platinum chart , the futures contract is only 50 oz, it is up from 880 to 996 now, I have been long for a while, gold is at $1331 will go much higher from here, I went long last at $1245, silver up big, I think the metals are a great upside play .
Also EURUSD is about to break to the upside
https://www.tradingview.com/x/hdPMceu5/platinum
https://www.tradingview.com/x/eu3Gar9u/gold
https://www.tradingview.com/x/xy0jME3m/