USDJPY market plans to set up below the consolidation level of 112.690 zones as a result of sellers’ persistence in the market. The bears plan to set up the movement of the price in a bearish order flow in the market. Furthermore, the sellers are willing to cause a huge movement in the market as the bearish price momentum proceeds with the trigger. Despite the bull’s effort in taking the price to a high-significant level of 115.500 zones, the sellers now withhold the strength of the price action, which reflects that the bullish trend is over and the bears are swift to continue.
- Post author:IQQTrading
- Post published:December 2, 2021
- Post category:Forex
- Post comments:0 Comments