USDJPY: The chart is confused, so better get out

16.10 bst

The charts are showing conflicting signals – GU is still long, EU is borderline short, and UJ is all over the place. In this situation, I reckon it’s better to stay out. I am therefore closing UJ and EJ as follows:

UJ closed at 99.72, -21 pips.

EJ closed at 130.58, +36 pips.

I’ll observe EU, GU and AU a little longer before deciding on them.

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