JPY overview.
The overall theme will revolve around JPY weakness, AUD strength and CAD weakness. there are a few assets on my watchlist that did not close last week with huge delta, but I have included them in here because I think they have pulled back / consolidated enough for them to resume their trend and so I might look to get involved in them if and when opportunity presents.
JPY in general - I see that it's weak and it should continue in that direction this week. I am going to post outlook on several key assets that I am looking to buy against JPY.
another interesting thing that I observed last week was low volume.
almost every asset had significantly low volume as compared to last week. especially JPY pairs as they sort of pulled back a bit and then buyers started to step in. JPY pairs had almost half volume last week as compared to the week before. this will give me a pause while looking for entries. not B or C grade setups for me this week. if I see normalcy coming in wrt volume this week, then I shall look to open up a bit in terms of taking B Grade entries.
JPY in general - I see that it's weak and it should continue in that direction this week. I am going to post outlook on several key assets that I am looking to buy against JPY.
another interesting thing that I observed last week was low volume.
almost every asset had significantly low volume as compared to last week. especially JPY pairs as they sort of pulled back a bit and then buyers started to step in. JPY pairs had almost half volume last week as compared to the week before. this will give me a pause while looking for entries. not B or C grade setups for me this week. if I see normalcy coming in wrt volume this week, then I shall look to open up a bit in terms of taking B Grade entries.
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