The Singapore Dollar Japanese Yen.

Good afternoon Dynamic Traders,

I am going to alter my post timings a little to try to account for or work better with the end of day, and so with that in mind I am posting this afternoon to try and let anyone reading today be able to analyse the chart for themselves ready for tomorrow.

The image below is of the SGDJPY on the daily timeframe, and after the recent Dynamic Trader tuitoring that I know many of you had, you will know why I am showing this chart.

As can be seen from the chart below, the big fall from the second half of last year has resulted in a bounce back up from the beginning of this year to a position between breather levels and making a triple top, and price has broken down now below the trendline and is also below the V.I.

Other confluences are present for the shorting side, but caution maybe warranted until the low of July is passed approximately 70 pips south as the shorter term trend is down but the longer is up

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good Luck.

Clayton Farnworth.