Check the Yen Out!!

Afternoon Dynamic Traders,

Hope you are all having a good day.

What is happening with the Yen, it has shot up this morning. Let’s have a look and find out why.
If you look at the hour chart below you will see that price slowly climbed towards the VI and it finally beat the VI and started to drop. When price began to fall it used the VI as a spring board and rocketed up.














You can see on the hour chart that price has slowed, the reason for this lies in the 4 hour chart below. You can see from the chart that price has climbed towards to VI, which is obviously acting as a strong resistance. Hopefully you all haven’t missed another important factor which is also having a strong effect on price.......that’s right.......the RN.














Where do you think price head next after the events of yesterday and this morning??

Happy Trading

Richard Monnery