November 26th, 2009 – USD JPY reached the lowest level so far in 2009 of 86.28 . There are many traders out there going on a buying frenzy believing that the USD JPY will not reach any lower …. not so fast ! If the USD JPY broke the previous low of 87.10, why wouldn’t the currency break further lows ?
I know many traders believe, I am a conservative trader but I am just following my #1 policy of forex trading; “common sense”. What if the US unemployment rate reaches 10.3%+ on December 4th ? All your positions will be closed within minutes.
- USD JPY – Reaches 86.28 … is this the end ?
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