USDJPY establishing the redistribution range
Price has moved to the top of the 55 Day OF and has shown some strong price rejection at this level. Volume remains low but the next move down should show some volume and spread increase which would indicate distribution. The range for the redistribution has now been set. Price did not make it to the Pitchfork ML which shows some weakness.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.