DJIA pumped on avoidance of government shutdown - not so much good news as news that is not bad. Is USD/JPY in a correction of a downtrend?
Probably worth a small short from 110.50/70 around, though less aggressive would wait for better confirmation. Also the lack of volume to the downside is palpable. I think only a break of 109.25 would signal a change in the trend, that gives enough room for a decent and healthy correction. Double top at 110.65 helps.
Probably worth a small short from 110.50/70 around, though less aggressive would wait for better confirmation. Also the lack of volume to the downside is palpable. I think only a break of 109.25 would signal a change in the trend, that gives enough room for a decent and healthy correction. Double top at 110.65 helps.