Both JPY pairs opened yesterday became unexpectedly volatile, leading to losses. One reason for this is that there is a simply a temporary sideways movement taking place before the breakouts resume their uptrends. Once another strong set of signals appear to go long, it could be another opportunity to garner some pips to recoup the losses incurred.
The same situation appears to be happening on the AUD CHF which has also broken its Pennant pattern. The currency has pulled back in favour of the A…
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