Change in market sentiments
The big players are holding high EURO and GBP and making upward stop hunts to induce those taken short positions to cut loss the positions.Traders are not taking buy positions freely- hence the big players are holding high to create bullish sentiments in other majors.But who is buying USD during drops against other majors?- the big players are known to rise any pair to quickly off load their buy positions and then build shorts at the highest level and stop making stop hunts.That will induce the market to slide and then they attribute 'profit booking' as reason for the reversal.Operators are known to create market sentiments and act against traders when they stop shorting and turn long in any pair.
Hence the market sentiments are known to change unassumingly.So view the currency pairs are tradable without any bias or fear.
Today USD/YEN is expected to quickly rise above 116.50 and change the market sentiments.
Regards
Dr.Sivaraman
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