Over the past two trading days, I have seen my very substantial profits in the Yen turn into a very small profit.
The daily chart shows it is once again testing the 0.9640 level. Not something I wanted to see. It is also testing the lower boundary of its upward channel and its 50 DMA.
The weekly chart shows a whole bunch of false breakouts.
If it does not bounce right here and close above 0.9450, I will be tempted to just exit this trade altogether for a small profit.