U$DJPY "Yen isn't messing with US"
Ladies and gentlemen, PPI this morning remained bullish as CPI yesterday morning but two completely different pushes as anticipated. Phenomenal how 5 minutes of news could undo or enhance a patient position. Price is currently at 142.91 with HTF support around 142.25-142 flat. Price can hold around 142.60-.50 and turn around but we see a big double top HTF after a bullish leg was printed since mid-August. Is this the big pullback to find more bulls waiting to break out their pen? Will price go as far to 140 or less possibly, doubt it but only time and anatomy will tell. Next leg I am looking toward 145 of course and 146 long terms. Happy Trading!
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