Market Update: Analysing the USD/JPY

As at midday of the 27-10-21
I observed the trading floor and decided to do an analysis on USD/Jpy to know when the market well be selling.

Possible Market Reaction

We can see when the market broke out from the resistant line and had been maintaining a uptrend ever since then. But it's consolidating at the current price and should retest on the previous resistance which is now a support.

Source

Market Ready to Sell
Between 3:00 hours to 4:20 of 28-10-21 the market was selling following the above market analysis.

Source

Posted Using LeoFinance ^Beta