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  1. USD/JPY - Dark Cloud Cover Receives Confirmation with Close Below 108.00 Floor May Open 107.00

    by , 10-09-2014 at 07:25 AM
    USD/JPY continues to keep traders in suspense near the 108.00 hurdle as a Dark Cloud Cover pattern warns of weakness. A close under the 108.00 floor may herald a deeper correction to the 107.00. However, some skepticism over a continued pullback may be warranted – given recent reversal signals have been met with some disdain by traders.

    Pullback Produces A Dark Cloud Cover Pattern

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