Tuesday, September 3, 2013

USDJPY PRICE ACTION: Closing Price Reversal / Inside Bar Combo, Pulls higher.


I drew attention to the combo Closing Price Reversal and Inside Bar Trade Setup on the USDJPY in my analysis of the pair, August 31. Price has since moved higher and looks set to hit the 100 Psychological level. A break would send prices further long into the 101 region. The Trade Room is long on this pair and our TP would be met at the touch of the 100 region.

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