We’re just starting to see some life come into the dollar
The Master, Greg, has just said it like a pro (as usual);
We as traders need to try and sleuth our way around the markets (we can also not trade if we don’t like the price action). It often pays to keep things simple. Trade what you see. So keeping things simple folks, the range is the range. I see that. I mark it in yellow. There is a ceiling. That ceiling needs to be broken and stay broken. On the down side, the floor is there.Stay above…bullish. Move below bearish.
He was talking about the euro but the same applies for USDJPY. 108.00 – 108.50 was the range we were playing in this morning. Now we’ve made a step through we move on to the next question. Do we hold 108.50 and test the next level, or do we fail and go back down?