Dear Traders,

The past few sessions are quite rich in trading signals. Today, there is another BUY signal coming from the Daily USD/JPY chart. It is a pinbar, which indicates hesitation of the sellers below the level of 107. In other words, that is a buy signal that might be a continuation of the major bull trend or just a small correction. This we cannot know at this stage, but we can only trade what we see and buy USD/JPY. All stops should be put at 106.20.

Happy Trading,

Colibri Trader

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