In this video update, we take a look at GBPJPY as price enters the key demand zone.
The recent CoT reports show that the speculators have increased their longs at this area
which could show us a sign of a reversal. Typically speculators are wrong in the market
and a switch in sentiment increases when they add large positions. Wait for the
daily close to offer significant reversal opportunities.
The recent CoT reports show that the speculators have increased their longs at this area
which could show us a sign of a reversal. Typically speculators are wrong in the market
and a switch in sentiment increases when they add large positions. Wait for the
daily close to offer significant reversal opportunities.