Usd/Jpy-Strong Market Sell-off Yesterday

  • During the start of this new trading week, both sellers and buyers were anguished by false bullish breakout that made buyers think it could probably be a buy since last two days of trading session of both Monday and Tuesday, market structure was drawing higher highs and lows as price seemed up past the 50 moving average during this trading days and stop hunts incurred by fast paced f.o.m.o sellers.To get more news about WikiFX, you can visit wikifx official website.
      Now, yesterday trading session, there was quite a significant price action sell-off with approximately a hundred pips daily range and market speculators are now at strong and tested previous demand zone area.
      We are predicting either of the three trading scenarios for the remaining sessions for this week for this pair now that market structure is at this point;
    Jasper Njuguna is a self-taught discretionary financial markets trader. With cumulative 5 years’ experience trading the markets and out of which, one and a half years of that as a prop trader, trading large and mid-cap American equities at one of the DAY TRADE THE WORLD offices.
      Prior to switching career interest to trading, I have 9 years of experience in senior management roles driving small to large business development and B2B relations in creating and implementing; learning & development solutions, programs, organizational strategies & frameworks, and blended learning approaches for companies and institutions in Africa.