Lately I’ve been mostly in to the Yen, mostly against the EUR and the GBP. This week the down movement in the EURJPY continued but not by much. The volume is also slightly lower than the previous week and this a sign of lack of supply which might be taken as a sign of strength. I’m not totally sure that this is the case, but if we don’t get a down movement below the last bottom soon I will not be so convinced about the down trends continuation. Next week will show the way I think.
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