USD/JPY 1/25/2021 20:30
Fundamental/Sentimental
Cot: There is nearly no correlation at all with funds on the side of the Yen and price action.
News and Events: Hectic events on the 27th regarding GDP expected to move the market. Likely negative which means good for the Yen
Technical
Time Frame Analysis:
Monthly: Buyers have maintained control but their shorts are now being eaten
Weekly: More shorts being eaten slowly
Daily: Due to this charts previous behavior, its likely MM will wick hunt before going long
4H: Price testing structural level accompanied with exhaustion
Indicators: RSI Supports all
Entry
Order: Limit Sell at 103.924, Stop Buy at 104.339
Position: 0.03, 5000USD, 0.03, 5000USD
RR: 4.07, 6.8
Fundamental/Sentimental
Cot: There is nearly no correlation at all with funds on the side of the Yen and price action.
News and Events: Hectic events on the 27th regarding GDP expected to move the market. Likely negative which means good for the Yen
Technical
Time Frame Analysis:
Monthly: Buyers have maintained control but their shorts are now being eaten
Weekly: More shorts being eaten slowly
Daily: Due to this charts previous behavior, its likely MM will wick hunt before going long
4H: Price testing structural level accompanied with exhaustion
Indicators: RSI Supports all
Entry
Order: Limit Sell at 103.924, Stop Buy at 104.339
Position: 0.03, 5000USD, 0.03, 5000USD
RR: 4.07, 6.8