Previous daily low was formed, and then a sweep was taken place at the lows (Raid). We then started seeing movement to the upside, to grab liqudity. Now resting above if we zoom out is major zones of imbalance, liquidity areas and previous monthly open.
So anticipating price to move upwards.
We have also have a lot of news events on JPY this week which will cause a lot of liquidity - anticipating bearish for JPY.
So anticipating price to move upwards.
We have also have a lot of news events on JPY this week which will cause a lot of liquidity - anticipating bearish for JPY.