EURJPY: news flow leaning bearish — the net read

Wait 5 sec.

EURJPY: news flow leaning bearish — the net readEUR/JPYOANDA:EURJPYPulseVane EURJPY did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: − EUR/JPY Price Forecast: Falls to near 182.00 amid prevailing bearish bias − British Pound consolidates vs Yen; bullish bias remains amid Japan's fiscal concerns − Asia stocks slide as chip rout hits Korea, Japan (fading) 36 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −− leaning bearish — solidly weighted. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)