Bear Trap!
Bear Trap!
UPDATE 10:13am EST: I expect the Yen to bounce back any second now as we just touched its S1 pivot (1.1195 on JYH9). But take a look at this:
We gap at the open and then drop along with the Yen. Right…. we’ve seen that one before. If you’re bearish today, be careful – I think the trend remains to the upside.