Afternoon from the UK. After several weeks of a decline as anticipated we have met up with Point B pdf the trendline and a weekly key level of support. On the daily we have a Tweezer bottom in which a hammer makes up the latter part of the tweezer formation. (Read up on the tweezer candles) This indicated to me a pullback/ retracement is due after the sell exhaustion. I am currently 25 PIPS into the this trade with my 1st target being110.600.
Win some lose some! Risk management is crucial. Fundamentals out blew Technical analysis. With Heavy pressure on US stocks investors are holding more Yen.