Maybe it's not a huge signal, but the pair is balancing now below the curved trend line. We saw that awesome reversal on Friday, after the NFP data has been digested by the market.
Initially, when the pair started skyrocketing, it seemed, that the new direction has been decided and we are off to new highs. But all those buyers got taken out later on with that beautiful reversal. At the moment, as I mentioned previously, I still believe in a stronger Yen... for now...
Currently, aiming for around 112 mark.
Keep an eye on the price action!
Initially, when the pair started skyrocketing, it seemed, that the new direction has been decided and we are off to new highs. But all those buyers got taken out later on with that beautiful reversal. At the moment, as I mentioned previously, I still believe in a stronger Yen... for now...
Currently, aiming for around 112 mark.
Keep an eye on the price action!