Wednesday, June 19, 2013

USD/JPY












Sharp move to the downside right? Remember this is most likely the "Knee-Jerk" effect.

The $USD/JPY with this kind of strength couldn't do much to hold the market together or rally it, so the obvious fall as the negative 1 min 3C is strong, is what's causing the move to the downside.

This is fine, it was somewhat expected.

The important thing moving forward is finding the assets that are accumulating this move or confirm there aren't any, I doubt that will be the case, but we get our best signals when we have movement and we have movement.

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