Case Study: Effective Sequence of Trade maintaining the course

CCy Insight & Price Behavior: USDJPY

UPDATE 11.22: USDJPY Steadily supported with fundamentals with US economic data while GBPJPY cross rate supports both majors contrary to the USD daily price swings. Corrective moves have materized specially with Cable holding steady as it continues to move higher. An effective "Sequence of Trade - maintaining the course"

UPDATE 11.15: USDJPY finally breaks benchmark of 100 way above trendline resistance and tight trading range! And this is more related to Yellen's perception and ecominc outlook for the Fed's taper schedule of providing more to help the US economic recovery.  Please take note of the original date above 11.12.13 of this analysis, while it is still quite effective inspite of the stream of market data for the week.

As of 11.12 : Observing market action from the sideline has its benefits of being able to clearly see through the market's price volatility and investors market sentiments. The main market drivers can only be summarized into two segments, namely ECB Mario Draghi's rate cut decision and the much better than expected Non-Farm Payrolls report.

CCy Insight & Price Behavior: USDJPY
CCy Insight : GBPJPY Cross rate