How often have we seen this scenario play out? The market talks about a level for weeks. “If we break, look out!”
91.50 was one of those levels, but we dipped only to 91.45 before bouncing. Often the market front-runs stops, selling ahead of them and then using the orders to fill-in their short positions at the lows…It’s a dog-eat-dog world out there…USD/JPY trades now at 91.65.