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can anybody guess what happened with major JPY pairs today on 14/9/16

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anurag bhargava
481
anurag bhargava  

as the reults were out for japan industrial production,the nos. were poor,as a result japanese yen prices tumble with almost every major currency pair.

but suddenly after one hour,god knows what happened prices completely shifted and gained huge momentum.

 

cant track that,please let me know if have anybody have any idea about this yen move. 

Sergey Golubev
Moderator
95957
Sergey Golubev  

Nothing wrong with JPY ... you can see it from H4 chart - just a secondary correction was started within the primary bullish (if price is above 200 SMA = bullish, below = bearish, within 100 SMA/200 SMA = ranging):


anurag bhargava
481
anurag bhargava  

do u really think so,this was the reason.

this SMA move the prices,u not kidding. 

Daniel Stein
29671
Daniel Stein  
anurag bhargava:

this SMA move the prices,u not kidding. 

No, you've taken the wrong conclusion.

The price is the consequence of supply and demand.

Nothing else.

anurag bhargava
481
anurag bhargava  
Daniel Stein:

No, you've taken the wrong conclusion.

The price is the consequence of supply and demand.

Nothing else.

ok,its all about supply and demand,u mean to say that moved the prices back.

or have something else. 

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