Disliked{quote} USDJPY Week 07 Feb 15 update: Nice move yesterday but that 'bounce' off BRN 107.00 in lower timeframe got some traders thinking that it was buying. Now we watch carefully that D1 candle which closes across the level 106.28, usually were 'big candles'. May happen today, if not then the following days. The target 105.00 still in sight. {image}Ignored
This week is ending soon, so we may not see it hit 105.22. If it does, I would be very happy to take all my profits and walk away.
Now we watch that BRN 106.00. How much will it 'bounce'? But, don't jump in and start buying yet. Too early to start buying. WAIT!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett