Japanee Yen Overview
I do not know how prudent is pattern formation in charting and how much would one counter honour the completion of this pattern.
Fig 1 JPY SGD Weekly chart
I was looking at JPY SGD weekly chart and I started to wonder as o how far back data there is?
Well, I got my answer, and it does not look good.
Looking at the chart, I can 't help but to wonder, " is there a possibility a top formation can stretched for more than 10 years? This formation started since 1986 till 2014. It recently broke through the neck line of a HUGE double top.
So does it mean JPY is going down to the time prior to 1986 and 100yen below SGD 1.00? If that is the can, is there something wrong with Japan now?
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