New highs are in place. Shorts have been taken out and now price is pulling back. This scenario looks more than familiar as during summer these fake-outs were an everyday sight. However, summer is over and normal trading conditions are back which means that if we get a good NFP figure, USDJPY might go and take out 106.00 just like that.
Like always, trading the news is extremely risky and your guess is as good as mine. Hence, a smart play here would be to wait.
Like always, trading the news is extremely risky and your guess is as good as mine. Hence, a smart play here would be to wait.
