Todd Gordon writes the USD/JPY is lining up for a technically significant test of 117.00. Both 61.8% retracement and parallel channel resistance are standing in the way of the dollar breaking higher against the yen.
Fully prepared to sail through Monday’s session on a relatively quiet calendar, dollar-denominated pairs were instead put into motion by a number of factors outside the realm of the rigid docket.
Price Headley notes that psychology is 99% of the reason that stocks move. Price looks at The Psychology of Risk by Ari Kiev, and discusses some of the major points of the book.
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