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Market Update: Analysing the USD/JPY
25
@salvadornkpara
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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.
Market Ready to Sell Between 3:00 hours to 4:20 of 28-10-21 the market was selling following the above market analysis.
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