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Has the USDJPY Trend Turned?
Prior to today’s decline, the USDJPY was seen making steady gains toward higher highs. Even though the pair has advanced as much as 707 pips over the past three weeks, today’s decline has many short term scalpers believing that a larger turn in the market is inevitable. One way to find out is through utilizing a series of momentum analysis techniques. So has the USDJPY turned? Today we will focus on how to identify short term momentum for scalpers, to identify a conclusive answer. After a trend reversal, short term Forex scalpers will want to ensure that price direction has indeed picked a new singular direction. ... (full story)
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- bdebaere
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- ForexWhale
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