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| Falling Wedge identified at 06-Jan-04:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 103.1925 within the next day. Supported by RSI below 40 | ||||||||||||||||||||||||||
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Wednesday, January 6, 2021
USD/JPY
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