USDJPY is between S&R with high trading volumes
Analysing Forex from The Market side & perspective.
Another seller positions at 107.56 have been stopped out and The Market is between two trader positions in high trading volumes of support and resistance in today Asia trading session. buyer positions at 107.44 and seller positions at 107.90 that have been accumulated for sometimes in this month indicating The Market will move in one direction. In traders eyes, They will open sell positions at resistance level and open buy positions at support level. But in The Market eyes, The Market will stopped out the positions with high trading volumes, can be one or both of them. After a bullish move yesterday, The Market tends to go up and might be will stop out The Sellers first.
Another seller positions at 107.56 have been stopped out and The Market is between two trader positions in high trading volumes of support and resistance in today Asia trading session. buyer positions at 107.44 and seller positions at 107.90 that have been accumulated for sometimes in this month indicating The Market will move in one direction. In traders eyes, They will open sell positions at resistance level and open buy positions at support level. But in The Market eyes, The Market will stopped out the positions with high trading volumes, can be one or both of them. After a bullish move yesterday, The Market tends to go up and might be will stop out The Sellers first.
