In the begining of this week I had some SHORT positions on JPY.
I truly believed that the support levels could be broken and JPY will be heading down.
It apparently did not happen even though USD/JPY nearly reached the level around 100.70.
As I watched the market around this level it was clear to me, that the move down will not happen and I decided to close the positions. According to this fact I opend LONG position around the level 101.20 after the market confirmed the move up.
My personal view on JPY is, that the currency on all the major pairs will remain in the side move. I expect a moderate move up (cca 80-100 pips) on JPY pairs tomorrow.
Tomorrow will show if I were right.
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