USD/JPY HAD A SHARP BEACH, RISH MOVE WITHIN RANGE MARKET STRUCTU
USD/JPY HAD A SHARP BEACH, RISH MOVE WITHIN RANGE MARKET STRUCTURE
Volatility spike as a fast-moving bearish movement overshadows the tight range consolidation period the USDJPY had been moving with in the past 48 hours.
Luckily today the price of the market adhere to the calling of the sellers as a weaker dollar trigger the action of the bears.
Where it has been observe on the daily time frame a bearish reversal candlestick pattern in the last trading session. yet market participants had been in await for a confirmation bearish candlestick pattern before making trading decision.
And now that the volatility condition of the market is said to be on a rise, hence where would the sellers be taking their profits?
First thing to note the RSI indicator hasn't confirm a serious oversold condition on the daily time frame, yet a few retracement in price will likely be present as the market would tends to stabilise the overall quality of the bearish price action.
Trading recommendation: USDJPY investors must be aware of the bears dominance in the market presently, therefore market players must consider playing the game according to the rule of the dominating pattern
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
Volatility spike as a fast-moving bearish movement overshadows the tight range consolidation period the USDJPY had been moving with in the past 48 hours.
Luckily today the price of the market adhere to the calling of the sellers as a weaker dollar trigger the action of the bears.
Where it has been observe on the daily time frame a bearish reversal candlestick pattern in the last trading session. yet market participants had been in await for a confirmation bearish candlestick pattern before making trading decision.
And now that the volatility condition of the market is said to be on a rise, hence where would the sellers be taking their profits?
First thing to note the RSI indicator hasn't confirm a serious oversold condition on the daily time frame, yet a few retracement in price will likely be present as the market would tends to stabilise the overall quality of the bearish price action.
Trading recommendation: USDJPY investors must be aware of the bears dominance in the market presently, therefore market players must consider playing the game according to the rule of the dominating pattern
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
