A quick movement in USDJPY indicates a new trend starter?
Analysing Forex from The Market side & perspective.
One buyer positions have been stopped out by downtrend and then a quick up movement for about 80 pips. This move could incidate that the downtrend has ended. Last friday in Asia trading session, there is an up movement that is higher than some previous up movements. is it a pullback? this movement also bring a new buyer positions at 107.21. There is no confirmation from the market about a new trend movement so we will assume it as another pullback and The Market will go down continuing the downtrend.
One buyer positions have been stopped out by downtrend and then a quick up movement for about 80 pips. This move could incidate that the downtrend has ended. Last friday in Asia trading session, there is an up movement that is higher than some previous up movements. is it a pullback? this movement also bring a new buyer positions at 107.21. There is no confirmation from the market about a new trend movement so we will assume it as another pullback and The Market will go down continuing the downtrend.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.