hirobo
Long

USDJPY Volume Analysis

FX:USDJPY   U.S. Dollar/Japanese Yen
48 1 1
My reason for LONG.
Since the big drop, prices had been consolidated below 107.500. The trading volume had declined since then except on two occasions.
There is a bullish divergence on the OBV indicator. It can be a good clue that the market is likely going to reverse.
Lastly, if prices were to continue to drop, there should be an increase in trading volume however it is not visible at this moment (except on two occasions).
I think you are right… which is your opinion on the NIKKEI? would that mean it will go up… Friday was a disastrous bear market. Thank in advance.
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