USDJPY was capped by the 61.8% fib yesterday, as highlighted in my live blog post on BOJ day.
Several of the Yen pairs were shorted in the trading room yesterday . EURJPY was particularly kind to a few of us.
As always, I like to let the charts do most of the talking. Keep the technicals simple and the pips will follow. The original chart is reposted below showing the 112.18 level .
Live chart below.
The Daily chart is showing yesterday’s range depicted by a doji candle. This signifies indecision. We could be seeing some kind of secondary top playing out here. Too early to tell perhaps ……. I’m holding a short position.
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