The Yen crosses sure have been interesting to trade and watch, especially over the past few days. I find that getting a grasp of the general direction on the usdjpy will often give clues regarding upcoming trading opportunities on the other , often more interesting yen crosses. It also acts as a guide for me when they are not moving as uniformly as they often do. I know we are almost at the end of the trading week, but I have noticed an interesting technical trade setup on the usdjpy. The daily chart below shows clearly, an important juncture at which the usdjpy has arrived. This is daily trying to confirm a bearish reversal by retesting the trendline that it broke through a few days ago. If I am correct, this could be the extension leg of the move downwards Read more »