All a bit ‘up in the air,’ and many questions to be resolved with regard to USDJPY and USD as we drift into week end .
My friend K-man (and expert in all things Kimono) has been calling this superbly. and is always worth a read when looking to trade JPY.
A quick glance at the shorter term chart only adds my current predicament of not knowing which side to favour 🙂 We have just bounced from V shape support at 113.39 and with no real catalyst it’s difficult to take a view unless you are trading intraday and poaching the levels .Some were calling this (orange trendline) a head & shoulders pattern. I don’t agree, and will be sitting on my hands waiting for clarity from the fundamental side of my trading psyche .
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