This is a scenario that can play out. Shorting opportunities may show up but not until demand level at 115,60 is broken.
That should interest you
USDJPY is bullish overall, so selling the pair is a somewhat risky affair. Nonetheless, the rate has reached the upper atmosphere of the six-day price range, with the two- through 16-hour moving averages having all turned south and price having dropped below…
I shorted USDJPY after compensating for the error in judgement I made a few days ago. However, at 111.00, the pair is now at the bottom of what I calculate as the typical 24-hour price range. Consequently, if I had not already taken profit, I would most certainly…