Analysing forex from The Market side & perspective.
Hello traders, we start this month with an analysis of USDJPY. From our last analysis, we can see that this pair was in a strong downtrend for about 300 pips until last week at the end of July we have a huge correction of 150 pips uptrend. This month the market might be sideway and it will looking for balance. We have two positions today. One from our last analysis BUY at 106.87 and the other is a new one SELL at 104.53 because the trend is still strong bearish.
Hello traders, we start this month with an analysis of USDJPY. From our last analysis, we can see that this pair was in a strong downtrend for about 300 pips until last week at the end of July we have a huge correction of 150 pips uptrend. This month the market might be sideway and it will looking for balance. We have two positions today. One from our last analysis BUY at 106.87 and the other is a new one SELL at 104.53 because the trend is still strong bearish.
