FMA testing market volume analysis. 4/4 success result so farBritish Pound vs Japanese YenICMARKETS:GBPJPYfullermarketanalysisTODAY ANALYSIS Market Volume Analysis = Bullish Reason: IB closed above prev. day's most accepted average high price value & after 1 hour of business deals/contracts, price value was held above it. Today's activity should be price appreciation above 213.573. Based on chart data, price found a new fair price range after its weekend migration and yesterday's price discovery imbalance. Today, the market is balanced between 214.683 & 214.265. FMA = accept both buy & sell opportunities while the market is balanced, however, buy opportunities are more favorable. Reason: AMT's Market Volume Analysis says 1. price is appreciating above 213.573 & 2. The market is currently balanced. A keen observation: The new fair price range is very expensive compared to prev. day's fair price range. 1. Does this mean an overbought situation? 2. Could it be that price will start to depreciate after today? (After all, price has been appreciating since the start of FMA's testing process with Market Volume Analysis) 3. What will today's fair price range look like at 17:00 EST today? Follow with us to find out. Yesterday's Analysis Yesterday, although wasn't published, was another successful analysis. Yesterday's analysis is equivalent to Fri22nd's analysis. IB had closed above prev. day's value high, and after an hour of business activity, it held above it. This type of analysis has been a favorable condition for buy opportunities, hence, to buy is prioritized. Additionally, market migrated from balanced to imbalance and into price discovery during the weekend (Sun24May26). Therefore, price appreciation above prev. day's poc (213.573) is currently an active occurrence. As for FMA yesterday, only buy opportunities during full market range cycles were permitted. Unfortunately, no chart trade was established. I Spent all day at the garage yesterday. Stats: For analysis Goal:7/10 successful analysis Status: 4/4 successful | 0/0 unsuccessful For chart trades 3/3 140% roi = 90%+0%+50% NB: Price values in this published idea for testing FMA & market volume are based on IC Markets' market data feed. The regular, major published ideas is on OANDA's market data feed.