FX:USDJPY   U.S. Dollar / Japanese Yen
198 6 3
Oh.. is there any other reason why you are long USDJPY or want to go long? Volume reasons, a bet that consolidation will breakout? Or, just a feeling?
CGS Rocketman
Just a feeling based on the market structure
Ah.. I agree with your prognosis of the market condition for this week. hehe. Everyone who is short also says that they are short because of market structure in various ways. So, what do you mean by market structure? What is your take?
On 9/15, I sense an anomaly. Look at the huge volume compared to the 6th of this month. If the big guys are so bearish in selling, then why doesn't the bar prices reflect the volume-transactions? That is what I see on your chart.
Either there and go up or it will fall down to 100.74 before rising again. Of course, if everything goes well with the Japan Statement, which I will be reading will all eyes.
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