New Week New Currency

Morning Dynamic Traders.

This week I’m going to follow the USDJPY.

Below is the day chart and as you can see price was clearly in a down trend, and recently it has found some strength. We did have an indication of the change in price with a 123 near a RN, with convergence from the MACD.

Yesterday we had a large move up in price after the events from Friday, which provided us with a reversal candle and a conituation to the up.

I look forward to tomorrows update to see if we still have increase in price.

Happy trading.