Monday, May 20, 2013

USDJPY Price Action: bullish break loses momentum. May 20, 2013

My Trade Commentary on the USDJPY on the 9th of May, dwelt much on the pairs breakout and subsequent expectation of a pullback into support to make long entries pending price Action. Today's close seems to be be inline with that expectation. Price Action Long entries would be sort on rotations back into support at about 99.90.

My Recommendation: Stay neutral and wait out this expectation.

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