Analysing Forex from The Market side & perspective.
Another beautiful movement of USDJPY just after it went down to stop out The Buyers at 107.44 at Asia trading session, It went back up quickly to stop out sellers positions at 107.89. This move stopped out so many seller positions at so called resistance level at high trading volumes that has been accumulated for 12 days in a ranging market. This is how The Market works. Stacking trader positions at certain price levels - stop them out - and move on. Today, there is no traders positions at the moment and it means The Market needs to attract traders to open new positions to increase trading volumes again. Ans also this move leaves an empty zone just below the price that needs to be filled while forming a pullback for new buyers to come.
Another beautiful movement of USDJPY just after it went down to stop out The Buyers at 107.44 at Asia trading session, It went back up quickly to stop out sellers positions at 107.89. This move stopped out so many seller positions at so called resistance level at high trading volumes that has been accumulated for 12 days in a ranging market. This is how The Market works. Stacking trader positions at certain price levels - stop them out - and move on. Today, there is no traders positions at the moment and it means The Market needs to attract traders to open new positions to increase trading volumes again. Ans also this move leaves an empty zone just below the price that needs to be filled while forming a pullback for new buyers to come.
