High net positions on the COT report for the Japanese yen. Non-commercial hedge funds are going to want to take profits from these down lower.
Japanese yen is the number one safe haven currency so it is probably going to strengthen during these times of crisis.
The channels seems to be breaking up to the upside, creating the illusion of an upside breakout so retail traders will go long providing the liquidity for the big boys to sell from the top of the intraday channel.
This was my story. Let's see how it will unfold.
Japanese yen is the number one safe haven currency so it is probably going to strengthen during these times of crisis.
The channels seems to be breaking up to the upside, creating the illusion of an upside breakout so retail traders will go long providing the liquidity for the big boys to sell from the top of the intraday channel.
This was my story. Let's see how it will unfold.