DislikedYou think so? 90? Just lost 30 pips on a couple of longs, but I think I will go long again at support, I think that when they officially change the BOJ chairman, I will be very confident with my new longsIgnored
To be honest i'm not sure about the general long term trend cause I only do intraday trades, however there was clearly some support at the point just touched around 92.30, if you are a scalper and fast enough you could've gone long there for an easy 40-50 pips with about a 15-20 pip stop.
So your getting a good 3:1 ratio.
It all depends on what your trading strategy and time frame is, but in my opinion the daily outlook is unclear although I would wait 1 or 2 weeks for the weekly chart to pull back enough technically to go higher.
Good luck!