Slight down turn for the Yen

Morning Dynamic Traders

Over the week the Yen has been enjoying a good increase in price.
More recently price has now begun to drop. Why is this?

Below I have posted a 4 hour chart, and we can see from the MACD we have divergence, which explains the change in direction. This divergence also appears on the hour chart.

It will be very interesting to see how this effects today’s performance for Yen, which I will update on Monday.

I chose to follow the USDJPY because I have been in the trade since Tuesday and analysing the chart has really helped me to manage my trade.
You should also have been looking at John’s updates on fxcps.co.uk, as John has been giving updates since Sunday on the Yen. I have taken a different approach to John and discussed events after they happened, as opposed to what could happen. By doing this I now have a better insight in what signs and signals to look for while in a trade to help manage the trade.

Hope you had a successful week trading,

Hope you have a good week.

Happy Trading.