DOLLAR rally continues with USDJPY Target 124

3 בנוב׳ 2015

I would not try to fade the Dollar rally beyond a high conviction intra-day trade (like I might be doing with Gold if price action is supportive), I think most of the complex is going to fall further with EUR and JPY leading the way. Until the Fed backs out of a hike if they do, I'm going to want to be Long USD and if they don't USDJPY will continue far higher than 1.24