Well, Im still bearish
on JPY pairs (GJ, EJ
, UJ). Price is working it's way through the STRONG support/resistance
at 101.30-100-632. MACD
shows continued bearish
momentum on daily, weekly, and monthly. Overall trend from 1h up to monthly is continued bearish
with no clear signal for reversal at this time. Will continue to short EJ
, GJ, UJ pairs unles support holds. In this case, a Long will be entered until at least 125 area (or appropriate).