{"id":908,"date":"2009-03-11T11:23:11","date_gmt":"2009-03-11T16:23:11","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=908"},"modified":"2009-03-11T11:23:11","modified_gmt":"2009-03-11T16:23:11","slug":"two-long-term-potential-breakouts-about-to-happen","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/03\/11\/two-long-term-potential-breakouts-about-to-happen\/","title":{"rendered":"Two Long Term Potential Breakouts About to Happen!"},"content":{"rendered":"<p class=\"MsoNormal\">Two potential long term breakouts are emerging in the most unlikely spots\u2026the yen carry trade: EUR\/JPY and NZD\/JPY<\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\">Everyone has been used to yen strength this year and everyone has been accustomed to the idea of the \u201ccarry trade\u201d selling off for even longer.<\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\">So if this breakout occurs in the upcoming days to weeks as I suspect it will, it will catch many traders off guard. There are still a ton of traders \u201cshort\u201d on this trade that will be caught on the wrong side of the trade and will have to reverse their positions.<\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\">Also, there will be many former \u201ccarry traders\u201d that have given up on the concept and will have written it off by now as a strategy. It\u2019s about that time when these new, fresh breakouts occur.<\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\"><strong>Click on the EUR\/JPY chart<\/strong>\u00a0below and you\u2019ll see what I\u2019m looking at. If 126 is decisively cleared then the pair could move to the 130 level fairly easily.<\/p>\n<p class=\"MsoNormal\">\u00a0<a title=\"eurjpy2.JPG\" href=\"http:\/\/www.forextradingblog.com\/wp-content\/uploads\/2009\/03\/eurjpy2.JPG\"><img decoding=\"async\" src=\"http:\/\/www.forextradingblog.com\/wp-content\/uploads\/2009\/03\/eurjpy2.thumbnail.JPG\" alt=\"eurjpy2.JPG\" \/><\/a><\/p>\n<p class=\"MsoNormal\">\u00a0<\/p>\n<p class=\"MsoNormal\"><strong>The NZD\/JPY looks the same way. Click on it below to enlarge it.<\/strong>\u00a0If it clears 50 solidly, then we could see 55 hit pretty easily. Remember, these aren\u2019t day trades. These are trades that could break out in the upcoming days to weeks. When they do, the trades would last probably for days to maybe a week or two. So we\u2019re talking longer term trades but with a higher number of pips to potentially be gained.<\/p>\n<p class=\"MsoNormal\">\u00a0<a title=\"nzdjpy.JPG\" href=\"http:\/\/www.forextradingblog.com\/wp-content\/uploads\/2009\/03\/nzdjpy.JPG\"><img decoding=\"async\" src=\"http:\/\/www.forextradingblog.com\/wp-content\/uploads\/2009\/03\/nzdjpy.thumbnail.JPG\" alt=\"nzdjpy.JPG\" \/><\/a><\/p>\n<p class=\"MsoNormal\">Sean Hyman<\/p>\n<p class=\"MsoNormal\">www.forextradingblog.com<\/p>\n<p class=\"MsoNormal\"><a href=\"http:\/\/www.youtube.com\/watch?v=yG69VuSPAC0\">Invest in the Recession Proof Market: Forex<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two potential long term breakouts are emerging in the most unlikely spots\u2026the yen carry trade: EUR\/JPY and NZD\/JPY \u00a0 Everyone has been used to yen strength this year and everyone has been accustomed to the idea of the \u201ccarry trade\u201d selling off for even longer. \u00a0 So if this breakout occurs in the upcoming days &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/03\/11\/two-long-term-potential-breakouts-about-to-happen\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Two Long Term Potential Breakouts About to Happen!&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-908","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/908","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=908"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}