USDJPY
Updated
Resistance was hit in this area some time back. Once resistance hit the first-time price shot down significantly and retraced and made a higher high above previous resistance on 4hr time frame. But you take a look at the daily time frame price made an inverted hammer at the top of resistance and now is trading amongst the 200 EMA. I personally do not think price is ready to trend up yet pass this area.
Trade closed: stop reached
What a total embarrassment right? As you can see UsdJpy did not agree with my sell bias. Right now price is looking at 137.884 area.Disclaimer
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