How Far Can The USDJPY (And S&P) Drop: Goldman’s Top Chartist Explains

(Before It's News)

zerohedge.com / by Tyler Durden / Apr 11, 2017 3:17 PM

With today’s capitulation puke in the USDJPY sending the pair tumbling below the key 110 psychological level, the lowest level since November as longs finally threw in the towel, traders are wondering how far can it drop. And since fundamentals have not changed, we seek the answer among the technicals, in this case Goldman’s chartist who this afternoon writes that what has happened in the USDJPY today is a characteristic continuation patterns.

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