Tracking Eur/Jpy 5/2-24
Recently prices had met old daily support in the 164 zone
Market sentiment supports going short
Current trend is still short
Big trend is still bullish
I believe that a lot of traders are reacting a bit faster than usual, changing from short to a buy position
as much as we are in an area of interest, there isn't enough information convincing me to buy at the moment
graph has touched this area of interest just once, there wasn't any retest in this area to support buying, I'm pretty sure moving averages are still supporting going short, there hasn't been enough buying to turn any moving averages from short to buy from my observation
it's better to sit on the sidelines and wait for better signals
Market sentiment supports going short
Current trend is still short
Big trend is still bullish
I believe that a lot of traders are reacting a bit faster than usual, changing from short to a buy position
as much as we are in an area of interest, there isn't enough information convincing me to buy at the moment
graph has touched this area of interest just once, there wasn't any retest in this area to support buying, I'm pretty sure moving averages are still supporting going short, there hasn't been enough buying to turn any moving averages from short to buy from my observation
it's better to sit on the sidelines and wait for better signals
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