Price has moved down to a low of 83.54 (2.2%)
However positive news from the USA with "Pending home sales" expected at 1.2% increase actual 4.1% increase and "Unemployment Claims" expected at 374K actual 388K
This positive news has pushed equities higher and in turn weakened the YEN.
This weakened YEN has produced a pull back to the entry level and I have been stopped out at break even by the spread. High of 83.94 on the pull back.
Price is now back down in the 83.70's and I expect a retest of support at 82.95 without me.
Chart below.
Still nothing lost and I managed to nick 5 pips to cover some small expenses.
I will update when the next strategy trade develops.
Have a good evening
Regards
Scott
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