Looks like USD/JPY was testing the 108 level earlier today. If you look at the daily chart, I drew a few trend lines and a fib retracement. You'll see that the trend is pretty clear as it is moving downwards in that channel. We're looking for a retracement as per my previous post, and according to the way things look right now, theres a good shot of it potentially testing the 110 levels before we know it. I'm still holding on to that long, we'll see what happens in a few days. Here is a 15 minute increment chart of USD/JPY for today - for those of you conservative traders who took my advice on going long and took profit, cheers :)
1 comment:
That's exactly what I predicted last week.
Kudos to me and the rest of Team Jones Johnson!
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