this 1 has become a tricky pair, does anyone believe that the fed are going to possibly not end QE ? if that happens im sure this will really go alot lower, or is it priced in already?
imo i do not think this will go back down past 106, (unless bad data tom morning)
with good data this should life up considerally, and leading up to the feds meetings next week it will gradually go up, and those meetings will determine a waterfall, or a nice 100 pip movement in a few hours...
i also notice that JPY data only moves when it is beneficial for that currency, when it is bad data, it doesnt move (might even go down), when it is good, USD JPY drops DOWN!
this has been a beautiful time for scalping, hope all you scalpers are pippin cuz i would be too if i wasnt holding
imo i do not think this will go back down past 106, (unless bad data tom morning)
with good data this should life up considerally, and leading up to the feds meetings next week it will gradually go up, and those meetings will determine a waterfall, or a nice 100 pip movement in a few hours...
i also notice that JPY data only moves when it is beneficial for that currency, when it is bad data, it doesnt move (might even go down), when it is good, USD JPY drops DOWN!
this has been a beautiful time for scalping, hope all you scalpers are pippin cuz i would be too if i wasnt holding