fxsignals4pips
Long

Hope you guys went long on the overselling

FX:USDJPY   U.S. Dollar / Japanese Yen
The support zone holds up once again as gaps down into the zone upon market open. It is just the third hour and we are beginning to see that the selling has been overdone. This is a rather strong move with a mixture of short covers and traders entering into long positions once again. Like I said, the U.S. Dollar strength is expected to prevail.
it will go up to previous hights
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Agreed! But this is more of a follow up post so traders don't end up selling a bottom.
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