I have no positions right now. After a great December, I’ve been out of tune with markets early in 2013. In order to get back in tune, I need a clear mind (no positions). I’m watching…
The USDJPY inside day breakdown triggered yesterday but Tuesday’s decline has already been completely retraced. I’m looking for resistance from 8795-8815. A response in there would present an opportunity to short against the high (8840).
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
To contact Jamie e-mail firstname.lastname@example.org.
Follow me on Twitter for real time updates @JamieSaettele
Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.
Jamie is the author of Sentiment in the Forex Market.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.