ArnaudKleinveld
Long

Possible USDJPY stophunt coming up

OANDA:USDJPY   U.S. Dollar / Japanese Yen
Earlier I posted my report on what looks like as stophunt exercise.
At Dec 21, 8am UTC I noticed the first serious drop of USDJPY             starting from 113.6, what could be a similar drop signal as we signalled on Nov 30 and Dec 8 UTC. And because the timing and expectation of traders is about the same I am a bit weary that this might be another stophunt exercise. So be aware and be ready for a 24 hour stop loss hunt.
Comment: It looks that the USDJPY pair is free floating again. There are no recognisable repeating patterns and the startdrop looked quite different..
Comment: 7.30am UTC stop loss order hunting has started.
Trade closed: target reached: Did not have enough buyers to punch through to 113.8. This leaves 113.4 the next important resistance for underlying support.
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