Help on this one. Peak developing?
I would trade long until you cant stand it or they start breaking below daily lows.
That’s great advice Derek! Until you can’t stand it … Also Lionel bear in mind that the chart you show indicates a 1-day peak is due, but it’s important to look at the bigger context as well - switch to a longer timeframe - daily or weekly and you will see that the USDJPY is probably bouncing out of a fairly big trough … and if it’s coming out of a big trough the 1-day peak will probably be no more than a small blip in the upwards move.