It may sound scary, but there could be a big opportunity. The last time it happened the pair dropped over 2000 pips in six months. Will it happen again? The team at SocGen explains: Update That death cross proved decisive Here is their view, courtesy of eFXnews: Societe Generale FX Technical Strategy Research notes that USD/JPY charts point to a ‘death cross’, confirmed this morning as the 50-day USD/JPY moving average edges below the 200-day moving average. “The last time this happened was in December 2015, when USD/JPY was above 122. By June 2017, it had broken below 100,” SocGen adds. In the short term, SocGen expects the pair to extend south towards the head and shoulders targets at 111.20/111. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUD/USD teases towards 0.80 on OK jobs report Yohay Elam 6 years It may sound scary, but there could be a big opportunity. The last time it happened the pair dropped over 2000 pips in six months. Will it happen again? The team at SocGen explains: Update That death cross proved decisive Here is their view, courtesy of eFXnews: Societe Generale FX Technical Strategy Research notes that USD/JPY charts point to a 'death cross', confirmed this morning as the 50-day USD/JPY moving average edges below the 200-day moving average. "The last time this happened was in December 2015, when USD/JPY was above 122. By June 2017, it had broken below 100," SocGen… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
