Wow an interesting week.
I suppose every week is interesting, that is what I love about the financial markets. Like what I was writing about within the blog on tailoring trading plans, it is like detective work, collecting clues and making hypothesis.
USDJPY Market Update:
The Dollar-Yen is very nicely moving out of the low of the 15 week cycle, but even more excitingly the 10 month cycle – which means there should be more power in this rally upward.
Isn’t it amazing how the market turned within our 15 week cycle zone… 1 day later and it would have been outside of the bands time period… so it just scraped in.
On Friday the USDJPY also gave us a 4th Long pending entry opportunity with the pull back bar.