Saturday, August 31, 2013

USDJPY PRICE ACTION: Inside Bar Trade Setup.

Friday's session of the USDJPY closed as an inside bar and above its psychological resistance turned support of 98.00. The inside bar trade setup comes just after the Closing Price Reversal, spotted at the close of the US session on Wednesday August 29th. These are strong bullish Price patterns and we should see price aim towards 99-100-101 Psychological levels.

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