USDJPY
Indeed, this does appear to be bearish. With December being a holiday season, activity could turn light at any time. So maybe this was a great time for sellers to take action. We cannot know, of course, but if trading volume dissipates as the month progresses there might come that time of very light trading that the MPMs (market price manipulators) decide to execute a profitable drop... easier and more profitable for them when fewer others are competing for available liquidity to add even more during such a move as the stop losses of buyers get hit.
Indeed, this does appear to be bearish. With December being a holiday season, activity could turn light at any time. So maybe this was a great time for sellers to take action. We cannot know, of course, but if trading volume dissipates as the month progresses there might come that time of very light trading that the MPMs (market price manipulators) decide to execute a profitable drop... easier and more profitable for them when fewer others are competing for available liquidity to add even more during such a move as the stop losses of buyers get hit.
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