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To my surprise USD/JPY reached levels above 114 during the Asian session. I did think that we might see some gaps with new week market opening and I did expect US dollar to be a bit higher but I did not think it could go that far so fast.
I managed to get on-board of "the train" as the pair corrected down to 113.45 and my target is 115.50. But my plan was to also go long with EUR/JPY and GBP/JPY - at the moment they seem too high. Perhaps they will correct lower later during London session when both pound and euro start falling.
I managed to get on-board of "the train" as the pair corrected down to 113.45 and my target is 115.50. But my plan was to also go long with EUR/JPY and GBP/JPY - at the moment they seem too high. Perhaps they will correct lower later during London session when both pound and euro start falling.
