FOREX New York Session Video August 28, 2007

New York traders wasted no time this morning in pushing the USD/JPY below support at yesterday's low. The re-test of support provided an ideal second-chance entry. The first 30 pips down to the 115 psychological level were easy, but the additional 25 to the M1 pivot point required patience and discipline to follow the guidance of the short-term moving averages during the retracement.