USD/JPY- Bounced over 70 pips (risk 23 pips), What now?
The USD/JPY pair has bounced strongly up from its support zone of (101.43-101.20) on a 60 minute time frame. The total move so far is almost 70 pips whereas the risk was 23 pips. The price is trading above the 50day (shown in green) and 100 day (shown in yellow) moving average, which means that the…
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