After a Major Move Or a Price Correction.
The aftermath of a major move and a follow-through would obviously be a corrective move, in the true sense of trading a volatile forex market. Even with the Feds improved outlook for 2013 GDP of 2.3% and a widening trade deficit has not helped the USD to this point. A relief recovery can be seen naturally from the previous week's trading activity due to the fundamental remarks made by ECB President Mario Draghi has place a better outlook for the Euro Zone thus improving market price stability for the EURUSD.
Meanwhile, Japan's Prime Minister Shinzo Abe has retained his stance in improving Japan's economic outlook and has kept the pressure up with the BOJ for a more bolder monetary easing ahead of its policy setting meeting by next week. This also has kept USDJPY relatively stronger in line with the events in Japan and the overall market sentiments in the USDJPY current trend higher. So far, nothing has really changed with the current market conditions to this writing. Except for,
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