I wasn't convinced of the recent bearish behavior of this pair, related to Gold most of the time. But FOMC today is sending back UJ around 111 that "could" prove the fib retracement indicated on my daily chart. So, if this is confirmed by the market, we could have a bigger move south coming in the next couple weeks. First TP should be around 109.8.
GL HF
ملاحظة
Being careful about this one, as dollar is consistantly super weak. We had a bounce near my fib line and we failed to add a LL. So a bullish move is of course not out of question. I'm not moving my SL as we didn't book enough pips for that, so let's get more PA.
ملاحظة
Seems that consolidation is at stake here, and preparing maybe a bullish move/spike. So I close 25%@110.355 and put SLbe to be careful.
Better safe than sorry!
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Forgot to update this one also.
25% closed@107.89 and SLbe hit afterwards.
Beyond Technical AnalysisChart PatternsshortTDITrend AnalysisUSDJPY

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