Fistful of YEN

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = JPY : 60min Chart (Posted Below)

Can I refer you back to Mondays blog when we first looked at this cross this week, if you remember we were looking for a large move upwards and never got it. Well it came with a bang today. Over 200 pips available for your taking today, I hope you all prospered.

After a big move comes consolidation and breather before the next move so I would not be looking for another big move as of yet.

Please not the MACD line crossing the signal line at the same time of the BOB, prior to the big move. As I write it has crossed back below the signal line.

RSI is looking to pass below 65, indicating we may have run out of steam at present.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst


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