10/23/2015 – Japanese Yen
Issued: 10/22/2015
December Japanese Yen:
1. The December Japanese yen is expected to decline further and test/attempt $82.58/$57 (or lower) into Friday, October 26 (+1 day).
2. How the December Japanese yen handles this decline will likely prompt new long entry once the market settles after the above-noted completion. Will update.
David Williams
Issued: 10/23/2015
December Japanese Yen:
1. Yesterday’s (October 22) report noted that the December Japanese yen was expected to decline further and test/attempt $82.58/$57 (or lower) into Friday, October 26 (+1 day).
2. Today’s (Friday, October 23) December Japanese yen decline further and completed the $82.58/$57 downside target (and lower) completing the forecast. This is an important further confirmation for later trading activity in the Japanese yen. Will update.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.