USDJPY - Possible next 24 hours
Following yesterdays chart and looking through the timeframes. It is possible that the USDJPY is running out of steam for now. There are many reasons here for a pull back:
RSI overbought on 4HR
1HR chart resisting further upsdide
Trump and his general behaviour
Upside rejection developing on daily chart
Approaching end of the month - Profit taking
6 days of straight gains without consolidation or pull back
This is potentially a good combination for a short scalp followed by a longer term long entry setup
RSI overbought on 4HR
1HR chart resisting further upsdide
Trump and his general behaviour
Upside rejection developing on daily chart
Approaching end of the month - Profit taking
6 days of straight gains without consolidation or pull back
This is potentially a good combination for a short scalp followed by a longer term long entry setup
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