Round up on the Yen!

Morning Dynamic Traders

Hope you all had a good weekend!! I had an awesome weekend, with a brilliant days worth of paint balling on Sunday (bruises a-side).

Time to conclude a week of following on the Yen. Last week the Yen not only beat the Value Index, but dominated it, on the daily chart. The Yen this morning has already moved a staggering amount by dropping not far from a 100pips to then climbing double the amount it dropped.
This can be seen clearly on the hour chart below. On the chart below you will also be able to see the divergence that I showed you on the 4 hour on chart last Friday.














This is indicating that a change could be on the horizon, but when? Although the hour and 4 hour charts are showing the divergence the day and the weekly charts don’t seem to be showing any signs of a reversal....Yet!!

The Yen will definitely remain on my watch list!!

Tomorrow I will chose to focus on another chart!!

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Happy Trading

Richard Monnery