And for the brave ones... USDJPY comming down down down
JPY again near its demand zone its time to look for short setups I have opened mine at 113.36 seeing high volume USD dump 113,975 not followed by much of and buy back activity at lower lows.
USDJPY
JPY was always more of risk trade to me since its more susceptible to global economy joys and pitfalls but this time of a year just before christmas holiday I beleive we will either stay in a tight range JPY is on and will retrace back to 110 area or the big player will want to cash in their long positions rather more then add on to their long positions.
USDJPY
JPY was always more of risk trade to me since its more susceptible to global economy joys and pitfalls but this time of a year just before christmas holiday I beleive we will either stay in a tight range JPY is on and will retrace back to 110 area or the big player will want to cash in their long positions rather more then add on to their long positions.
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Partials can be closed in this area since we have reached first USD demand zone. We can wait for retrace and then buy JPY again. I would still hold remaining positions till 110 zone is reached