ForexLive celebration. Fake or false breakouts have lots to do with fake news - ConsultFX

ForexLive celebration. Fake or false breakouts have lots to do with fake news

The USDJPY had a mini fake break today... The USDJPY fell below the 100 hour MA and a broken trend line earlier in the NY session which should have been more bearish.  When the dust settled a bit, the price break failed and we are seeing a modest rebound.