SO I HAVE BEEN WATCHING USDJPY AND BASED ON WHAT THE MARKET HAD BEEN SHOWING ME PRICE HAS RETRACED A LITTLE DEEPER THAN I HAD ANTICIPATED. (BY THE WAY THATS WHY IT IS AWESOME TO LET THE MARKET SHOW YOU WHAT IT WANTS TO DO RATHER THAN YOU TRYING TO TELL THE MARKET ITS A BUY OR SELL MARKET! NEWS FLASH: WE HAVE ABSOLUTELY NO INFLUENCE IN THE MARKET! ITS TRILLIONS OF DOLLARS A DAY IN VOLUME OUR LOTS DONT MOVE IT LOL!) OKAY BACK TO THE SUBJECT. SO THE MARKET HAS RETRACED A LITTLE DEEPER BUT THE BUYER MOMENTUM ISN'T VERY SIGNIFICANT SO I SPOTTED THIS LARGER TREND-LINE THAT PRICE ACTION MAY POSSIBLY BASE ITSELF ON. IT LOOKS LIKE IT HAS BEEN HOLDING AND PRICE IS COMING RIGHT INTO THAT AREA. KEEP AN EYE ON THIS PAIR FOR MOMENTUM WHETHER IT BE TO THE UPSIDE OR DOWNSIDE. SINCE I AM ON A SHORT BIAS I AM VERY OBSERVANT TO BOTH BUYERS AND SELLERS OF COURSE. KEEP AN EYE ON THIS PAIR TO SEE WHO SHOWS THE INITIAL MOMENTUM PUSH WHICH WILL PROBABLY BE THE CATALYST FOR THE NEXT MOVE IN THE MARKET. CHEERS!
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