Possible dead cat bounce formantion on the USDJPY daily chart if the price bounces back down from the 109.00 level. The 108.00 level may act as a first support, followed by the 106.62 level where we can find the 200 month EMA.
Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges
ChristianBeach posted: Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges
I saw very little influence from the Brexit decision, too. I wasn't expecting much, but c'mon, just a little?
I don't know what flag you are talking about. There may be a short term fall in USDJPY but I am long all the way to the bank. USD will continue to strengthen and JPY weaknen in the medium term. Short is too risky for me
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