A great session with excellent two-way price action. Overnight and into the London session it was the Japanese yen that was under pressure and as we saw on the currency matrix, was reflected universally across the complex. However, as the session started, a nice reversal developed with the yen being sold. Both the AUD/JPY and the CAD/JPY reflected this move, with volume and the volatility indicator leading the way. As always trading forex is about levels and flows and all revealed through the prism of volume price analysis.
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