$USDJPY epic short

The USDJPY pair used to be very correlated to Gold. The YEN has been regarded as safe heaven until the correlation has been broken, same happened to other correlations. I have to emphasize the importance of historical charts because behavior tends to repeat, not in the exact way but very similar.

This price behavior got to my attention and the similarity in price action was astonishing. Beside the fact that Elliott Wave model predicted lower price, I expected pretty much the same movement into the 105 mark.

https://twitter.com/fximperija/status/1074603459440197633

Posted on December 17^th 2018 and on January 3^rd 2019, some 17 days later

Well ladies & gentlemen, $USDJPY short gave +750 on this nice drop alerted Dec. 17th. Cheers pic.twitter.com/FtFvcoC8x1

— 𝐅𝐗 𝐈𝐌𝐏𝐄𝐑𝐈𝐉𝐀® (@fximperija) January 3, 2019

17 days for a gain of 750 pips. Charts speak for themselves.