Over the past few weeks, USDJPY and a number of other dollar-based majors have developed clear congestion patterns. This past session, a sharp dollar drop triggered a number of technical breakouts. Having waited so long for meaningful volatility and trend development, it is tempting to jump on board of these clean moves. However, there are a number of problems with taking these enticing trades. A dubious spark, lack of fundamental drive in the upcoming session and the knowledge of market-altering event risk next week require a closer look. We look at the breakouts from USDJPY, EURUSD, GBPUSD and other pairs and discuss their trade potential in today's video.
Source: http://dld.bz/cJNdn
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