Summary of current technical analysis for the USD/JPY pair on the 4-hour chart:
- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1
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- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1
If you enjoy this analysis, give it a like and follow me on TradingView.
