Thursday, June 13, 2013

USDJPY Price Action: Counter Trend Pin Bar. June 13, 2013

 The pair has continued to fall freely from its recent highs, breaking and closing below support at about 96.06. Though price retraced forming a pin bar at the close of trading today, the bearish bias on the pair remains. Short entries on the intraday time frame could be sort at about the new resistance.

I am currently running a 2week free Signal service. Visit my facebook official page to get involved in it.

No comments: