Comment JPY Pairs Follow-Up:
As you can see, all are back at, or near the highs of the day as the LS comes to a close. This is a sign the MMs are either still at work closing their longs, or have already shifted to building their short positions. After all, what is the prescribed action at highs? Buy low, sell high. It is as simple as that as the LS closes on a Friday.
As you can see, all are back at, or near the highs of the day as the LS comes to a close. This is a sign the MMs are either still at work closing their longs, or have already shifted to building their short positions. After all, what is the prescribed action at highs? Buy low, sell high. It is as simple as that as the LS closes on a Friday.