USDJPY stopped out all of uptrend positions by a big downtrend
Analysing Forex from The Market side & perspective.
USDJPY stopped out all of the buyer positions from the latest uptrend. In this week, The Market goes down for about 225 pips and it might touch the lowest price of June. We have a new seller positions at 107.92. USDJPY might sideway anytime soon to increase new trading volumes because it need new buyer positions to continue the trend. And to do so, We expect the market to pullback several times as those are good opportunities for traders to get in.
USDJPY stopped out all of the buyer positions from the latest uptrend. In this week, The Market goes down for about 225 pips and it might touch the lowest price of June. We have a new seller positions at 107.92. USDJPY might sideway anytime soon to increase new trading volumes because it need new buyer positions to continue the trend. And to do so, We expect the market to pullback several times as those are good opportunities for traders to get in.
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