Yes, I do get a TDI sell signal as Bollinger bands contract waiting for a burst move downwards. Now 09:00 am GMT, both London and European markets open. The move to place a short trade today is risky, I counter offer you to wait for CPI tomorrow Wednesday. The USD/JPY seems to have been settle to 113.5 area. A move up will break towards to 114.17 - 114.5 price zone. The move upwards is limited in compare of the downside which can easy drop to 110.0 who was a immersive support zone. Tomorrow is the big market day.
The price fluctuates as the longs rose 7.3% today but consumer sentiment favors the short side at the moment with weekly longs dropped by 10.19% according to IG. Fear and energy crisis plays a huge role coming from Evergrande crash delaying the third bond payment.
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| Price density areas-Price data-Bollinger bands density-Sentiment |
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