Originally Posted by
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NJ looks intriguing to exchange this week. As other yen crosses, it climbed after NFP on Friday. However, the pair was at the peak of a three year bullish move that on longer timeframes appeared like it was reversing bearish. That is why I see this last bullish move instead as a consolidation under way, and I keeep a bearish bias on this pair. Keep a watch for brief signals around 88/89 levels, where many resistances come into play As a swing trader, I don't plan to look for longs at current levels. The monthly chart shows a bearish harami cross, with...