I can't seem to find a good reason to sell at 107.5...unless he's trading a MA crossover on the 5min TF. I would hope his SL has already hit...
I wish i would have been watching USDJPY. Earlier today it made a nice double bounce off a fib level. It would have been good for at least 50 pips. And then the pin bar on the 1 hour chart.
Oh well, i'm waiting for it to get back to the 108.25-108.45 area to test resistance again. I'm going to be looking for a break of resistance during the asian session actually.
