Nice pin bar with strong bull volume on strong level. I expect them to drop to 1.15
JPY is in correction now. I expect it to continue strnghtening especialy against NZD
Strong sell of from the top and possible continuation of the downtrend
Potential reenter to short positions after begining of downtrend. CAD is strongly weakening and JPY strengtening. Volume is supporting this analysis.
I see stoping volume on the tops which tells me bulls are closing positions. COT reports says comercialas are shorting AUD. So it shoud drop
I expect EUR to drop to 1.150
JPY is strenghtening, will wait for correction to re enter again.
Nice downtrend chanel, but what is happening in that accumulation on then top of channel? High volume activity on lows indcates me that market makers are filling long orders. I expect that boys will break this chanel and will go test high from past.
Description on the chart
Description on the chart