FX:USDJPY   Dollaro / Yen giapponese
High potential of reversal trend. Firstly continuous momentum downtrend for the last few weeks which make traders think that the market will continue to go down further but eventually big boys (buyer) will dominate strongly for a huge loss so it’s important to recap and analyse the volume of the market and the candlesticks reactions. Secondly at the end of the week the consolidation has been built which means that buyers are trying to take price and sellers are fighting to keep their momentum balance. However throughout the development of consodilation sellers broke below the zone but unsuccessfully the buyers fight against which means creation of long wicks of bearish. In addition and finally the market ended with a strong bullish candle which equalises the volume.
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