As expected, the moment fed announcement was made, the strength in the pair just collapsed. A clean 1-2-3 sell, this time visible on 4 Hour, has stopped out the long (a scratch).
Lawrence's Comment
Recap
Does not even need to drop to long term support, dollar yen already popped higher. Breaking above 2-week resistance line and zoomed back up near Y+1. Completed ...
USDJPY Breakout Failure, Again
As expected, the moment fed announcement was made, the strength in the pair just collapsed. A clean 1-2-3 sell, this time visible on 4 Hour, has stopped out the long (a scratch).
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