I was bullish
for USD...until the last FOMC meeting in september. Since then things went from good to worse for the greenback as we all know. JPY although seems like it still has the "safe haven" status it used to have in previous years. In fact it has always been a safe haven despite every easing act of the Government/CB. So...I am pretty sure now that the local high around 101 is a high that we'll not see tested in the near - mid future. Good stop level. The reward? All the way down to 92...1st target. The second one can be 88. I will be so confident about this trade once 98ish will hold and the buck heads downwards off that resistance level
. I will open my short then.