The pair is in a huge rising channel on the Daily Time frame so looking for possible longs. But Hedge Funds closed lots of longs and opened even more shorts last week. About 17x shorts were opened for JPY so there is a major conflict here.
RSI shows oversold and is already rising from the area. The pair is in a strong support zone. I'll sit on my hands but any long opportunity. I'll take.
What do you think??
RSI shows oversold and is already rising from the area. The pair is in a strong support zone. I'll sit on my hands but any long opportunity. I'll take.
What do you think??