How I Found a Great USDJPY Sell Trade by Thinking Outside the Box

By February 15, 2017Uncategorized

Today (Feb 15, 2017) the USDJPY pair rallied strongly following the simultaneous release of much higher than expected US CPI (inflation) and much better than expected US retail sales.

The USDJPY pair started to give up some of its news driven gains and seemed “weak”.

A great sell USDJPY trade occurred when the USDJPY pair failed to hold gains following the opening of the DOW; the pair also had its largest 1 minute “red candle” since the news over an hour earlier as well and it was making a new recent low.

No “Magic Software Signal” but a lot of common sense things all said the same thing: USDJPY wants to try lower…