Originally Posted by forex16

stated earlier that the target is 95-96 for Doppy and I stick to it for now. Everything appears to be intact and AT made a great calculation for the short at around the 101+ level.
Technically we have yet another -&S that is now in play. Not so uncommon these days to see them work and not fake. The evidence is there to support the argument.
But I ask myself this question continually:
What motive does the BOJ have to intervene? They would be fighting the rest of the world who are dumping their $s including the USA.
It is financial suicide ATM to fight the trend and it has been for quite sometime now.
I would not be surprized however to see another signal short when the target is reached for more downside action. But I am looking for some consolidation when it gets there and I will be looking for reluctance to buy $ to confirm.
It is obvious that the US is using the $ and weakening it to compensate for Yuan strength and the balance of payments. They are determined in that respect and we know that it is not the first time in history the the US will 'cut off it's nose to spite it's face'.
History repeats itself.
However I think the chance of intervention is a dream as the CBs are clearly supporting and driving this move to curb Chinese financial power. Actions speak louder than words.