The USD/JPY pair fell through the 80 handle, but we still have the 200 day EMA in the way of the sellers. This EMA is a major one that a lot of trend traders and black box systems pay attention to. It is only because of this that I bring it up.
If the pair falls, I am moving on. I am not interested in shorting under any circumstances, save the Bank of Japan giving up publicly.
I agree,waiting for a daily close above 81.17 and PA to set-up above this......
BOJ intervention due...........? My guess is UJ will probably "pop" the 79.63 barrier for stops before intervening...?
Memories caught in time but never forgotten