Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
Trade Implications – JPY Pairs: When everyone is buying, we typically like to sell. Yet the fact remains that retail FX traders tend to do well in slow-moving range-bound market conditions. Our Senior Technical Strategist points out that a USDJPY bounce is certainly possible, but traders should be careful of a major break lower. Absent a breakdown we’ll likely stick to the sidelines.
Written by David Rodriguez, Quantitative Strategist for DailyFX.com
Automate our SSI-based trading strategies via Mirror Trader free of charge
To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.
Contact David via
Twitter at http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX
- Finance Trading
- Commodity Markets