Great two way price action at the London open

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.

About Anna 2016 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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