we all saw how last nights london and yesterdays yellen speach drove euro markets up. yet it did not effect eurjpy. why?? because markets dont move based on news, they move based on reactions to news and they do what they want to do. news is mostly used as an excuse for markets to move. double top right here. get ready for the selloff since last night london session couldnt get a buy even after positive euro news and yellen speach couldnt get it to buy either making the dollar weaker against the euro. lack of buyers so this market is of sellors lower time frames put off a double top as well...
David K Giraldo