Monday, November 15, 2010


After testing the historical low, USD/JPY is starting to give hints regarding a rally somewhere in the near future.
The pair is currently overbought on the 3 hours chart so it is possible to see a very short time bearish move on this chart during the nest 2-3 days in order to release the pressure, but this won't change my expectations for the next weeks.

Keeping an eye on this pair during this week will definitely pay off, but remember, Forex is not about gambling, so do not open any position unless you have strong confirmations.