It just so happens that as I’m writing this and the markets are opening for the shortened, still no doubt holiday affected week, the US Dollar is showing strength across the board and rising in most of the major pairs. This initial strength is certainly worth taking note of with the USDX at resistance like this. One such in play major forex pair is USD/JPY, with price hovering precariously around the higher time frame support/resistance level we can see on the chart below. Now we’ve already traded this USD/JPY level from the short side and like clockwork, here we are back again after reactivating it from the long ... (full story)