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 email@example.com.
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.