A wonderful move by USDJPY stopped out all the buyers
Analysing Forex from The Market side & perspective.
What a great conclusion that have been made by USDJPY by stopping out all of buyer positions. This big down moves of 170 pips stopped out buyers positions at 108.71 and it is on its way to fill an empty zone below. The Market knew that the uptrend had a high trading volumes of buyers and decided to stop them out at once. And this is how The Market works. Meanwhile it makes a new seller positions at 109.50 as the first seller positions after the uptrend. The prediction is USDJPY will move up again right after it fill the empty zone and makes more seller positions in the area.
What a great conclusion that have been made by USDJPY by stopping out all of buyer positions. This big down moves of 170 pips stopped out buyers positions at 108.71 and it is on its way to fill an empty zone below. The Market knew that the uptrend had a high trading volumes of buyers and decided to stop them out at once. And this is how The Market works. Meanwhile it makes a new seller positions at 109.50 as the first seller positions after the uptrend. The prediction is USDJPY will move up again right after it fill the empty zone and makes more seller positions in the area.
