Disliked{quote} Its simple ally, really. I do no rocket science here. The market does focus only at 1 or max. 2 fundamentals at a time. In this case, we know fundamentals are up (http://www.forexfactory.com/news.php?do=news&id=511147) until BOJ says something else, discontinuation of QE or alike (or crisis lol). Fundamental analysis: Done. Sentiment: These are the traders, as you seen at 180.75 in 2014.09.19 (Funds still up), price turned there just to erase the whole move, fundamentals still been up. BOJ was still QE their currency. I just wanna...Ignored
1. It was a DP known in advance.
2. It got tested and became the yesterday daily low
Lets say we get tested there, if sentiment is strong, they gonna add and buy it up for at least yesterdays high; if sentiment is weak, they gonna bail out.
So if they bail out, who might be next? 174.60 (if sentiment weak)* because thats the recent daily low.
Add*
Link corrected**