After North Korea's missile launch today and the initial reaction in USDJPY I had a look at the last response on August 29. I've noted the missile launch times in the chart (based on Australian times).
Using the last reaction, I am anticipating a run down for the rest of the Asian session and then expect a rally from the London session to take out the current double top which is in place.
Using the last reaction, I am anticipating a run down for the rest of the Asian session and then expect a rally from the London session to take out the current double top which is in place.
Comment:
I'll watch the 109.40 - 109.50 area for a long entry
