I admit
that I felt a little disappointed when I saw the new doji candlestick on the
weekly USD/JPY filter chart. Here I was, expecting the pair to test the
previous high at 121.40 and then continue climbing, and instead it formed a
possible reversal pattern candlestick. It is, indeed, time for a correction, so
I should not have felt this surprised. I am tentatively considering opening
some short positions, but that decision depends on the candlesticks that will
form in the 4 hour and the daily filter charts.
The Yen just keeps strengthening on risk aversion.
ReplyDeleteUsd/JPY might decline further as the week progress.
ReplyDelete