EUR/JPY: 117 to 123.50 in a straight line

explanation someone ?

hahaha nobody know thank you.

I certainly don't "KNOW".

And I doubt there is a reason any retail trader should know either.


But these things are not unprecedented.

8 weeks in a row "straight line" as you call it back in 2016.

Right to the pip almost, again this time.

Probably just a coincidence.


As to where it will go NOW. Today, tomorrow, next week. Again I do not know. Should be interesting though.

i agree but that was way faster and violent this time... only 3 candles...

i think it's clearly just those silly bots buying because some else bigger buy to.... lol

If you look back in the Forex News from June 4th (early morning, before your post) you will see there were some important announcements from the ECB (European Central Bank) which many people were predicting would lead to this rise in the Euro.

I don't know if that fully explains it, but it could be a contributing factor.

hello learning2. that not enough to explain that crazy move.

but i did ask to some people with a lot of experience and they think that someone made a bad bet and needed to "clear the position" very quickly

margin call probably + bots = crazy move.

someone thought japan handle COVID-19 better than europe and that was a possibility to make a move.

sorry for my bad english. bon weekend