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Deep-Peat-Shark
Jun 11, 2018 3:08 PM

Currency Strength Education

USD/JPYOANDA

Description

Currently, USD benefits from two forces that build up sentiment worth mentioning, the Peace Summit and the FED meeting. However, powers are already fainting.

Buying power of both currencies is exceeding selling power, however in USDJPY (UJ) there can only be one the strongest. So here it may look JPY is being sold mainly but it's merely aiming down because in the UJ relation the balance of buying against selling is in favor of the USD.

Direction of the individual currencies steer the pair of the two. In this case of chart layout, divergence sends USDJPY up and convergence USDJPY down.
Comments
axelroses
oh arnauld!
Tarpeery
Hey there! Do you have a telegram channel/group?
Deep-Peat-Shark
@Tarpeery, Hi, I recently have set up a private chat group here on TradingView. It's mainly beginners that are eager to learn more about Forex and willing to share what they have discovered until now, except trading secrets that is, and I would add experienced traders if they are willing to help others occasionally. Do you think you belong to one of these two groups?
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