Hello traders



There are some signs of USD/JPY leaving the gravitational force of level 120. There is something similar to a double bottom formed. Everything depends on FOMC statement this month which will give a clue on possible interest rate hike in December. There are no signs of Japan stopping their stimulus program so if the price exceeds 4-5% (125-126) there will be clear sign for new bullish momentum. On less than 3% jump the attraction of 120 will still be in play. We must follow the indicators also (RSI70 on 4h and D) before making conclusions. EUR/USD has bounced from the support level of 1.083-1.084 but there are some signs of some more bearish continuation before returning to bulls power.

Be calm and don't overtrade (My worst mistake - trading in moments when I have no clue on what is going on)
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