I hope you intra-day longs took some profit on that earlier move into 119.00

USDJPY once again proving that in the short-term at least it really isn’t all one-way traffic and dipping below 118.00 in a steady decline from the 118.40 area which has been pivotal since the 118.98 highs earlier

I know these moves won’t bother the longer-term traders amongst you but to the newer short-term traders it’s a fine example of the need to keep your discipline tight and not get greedy.

Currently 118.06 with 117.85-90 now providing key support

Yen-pair selling also capping core pair rallies elsewhere for the moment

USDJPY 15 min 20 Nov

USDJPY 15 min 20 Nov