USD/JPY starting to show first signs of fatigue

For the first time since this powerhouse move began at 79.20, USD/JPY is showing some mild signs of fatigue. The quick dip below 81.00, even though it has now recovered and was during thin Tokyo-lunch trade, does show that there is more than one direction to the current USD/JPY move. Bears can try selling a failure at 81.50 technical resistance with a fairly tight stop.

  1. Two weeks ago (Nov-2), i was really impressed during Friday european session with strong profit taking movement. I would not surprised today with that ?

  2. You are right but i like the technical resistance at 81.50. Moreover as you said in your “pdf file”, i really need to get ‘feel’.

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