Monday, 5 January 2015




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.

2 comments:

  1. The Yen just keeps strengthening on risk aversion.

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  2. Usd/JPY might decline further as the week progress.

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