USDJPY for Sept 1-10 2017

In the daily chart, we see a cross of 2 major moving average while we check the RSI momentum continues to go to the bullish area.

The Bears's: The banks and institutions may pick this one up as they have the bigger positions in the market which may take days for them to sell. They may use the rallies to sell their position which anytime this week as a selling pressure increases.

- Media helping the hype: As they create the market in buying, they may start unloading their position to minimize the risk in the market.

- Issues we are still following:
 1. North Korea threat is still there: Very Unstable
 2. Trump is unstable

I believe these factors maybe the key reason why the institutions may cut their risk by selling which we may see on the following days ahead.

The Bull's:  They may throw all issues and return to the market as we see in the RSI going above the 50 level triggering a positive rally.


In general: My bet will be on the bears. The issues are still there and it was never resolved. Until we see some clear path saying that they can control it, it may give a 50% chance bears would appear anytime soon.