Short USDJPY at VPOC
USDJPY has been falling for past 2 weeks or so. After steep falls price retraces to previous session volume point of control. This happened 2/4 times. On a third time it was just a few pips short. The fourth time the price did not retrace at all. So I think decent chance of the pullback to newest VPOC.
Also want to point out CFTC data shows sellers of yen (not USDJPY!) since early May. During this time yen has strengthend or gone sideways. Yen shorts must capitulate! Much downside could remain
Also want to point out CFTC data shows sellers of yen (not USDJPY!) since early May. During this time yen has strengthend or gone sideways. Yen shorts must capitulate! Much downside could remain
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