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Nov 16, 2016 8:59 AM

USDJPY . . . Racing on !! Long

U.S. Dollar/Japanese YenFXCM

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USD is racing on . . . just moved my FIBS to the extremities to try and make a little more sense of it all. PRICE is at extremities and it looks like everyone is just jumping on the bandwagon simply because it's going up. PRICE busting through the 200SMA (green) is fine but at some point these markers have to be retested and being averages they will always catch up eventually. I don't have a reason to buy in again at these levels just "because it's going up" but I do remain BULLISH. I need a pull back or consolidation to get me enthused once again and if I miss it then that's just the way it is . . . plenty of other stuff going on. No new fundamental news to support a big break out . . . Trump has Trumped and FED rates remain a positive but I think we may get some comments out to dampen USD strength soon enough.
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