JPY Pairs
Sonikers,
I think I have these figured out. It has been an up and down day today for all of them, each in a slightly different way than the others, but all up and down. To me, the volumes seem to favor the runs down and again when highs are recaptured, which would indicate the Robber Bank MMs are in the selling mode (bears). If you look at the Day & H4 charts you will get a better sense of this. And you might conclude that NZDJPY has come down less than the others, and therefore might be the pick of the litter so far as looking for a classic short.
I could be wrong about this, have been before. Take a look for yourself.
-tah
Sonikers,
I think I have these figured out. It has been an up and down day today for all of them, each in a slightly different way than the others, but all up and down. To me, the volumes seem to favor the runs down and again when highs are recaptured, which would indicate the Robber Bank MMs are in the selling mode (bears). If you look at the Day & H4 charts you will get a better sense of this. And you might conclude that NZDJPY has come down less than the others, and therefore might be the pick of the litter so far as looking for a classic short.
I could be wrong about this, have been before. Take a look for yourself.
-tah