USD/JPY-4 Hour overview
Hello everybody!
-On a 4-hour time frame, we can see that the price made a very nice pullback and we can see that the price tested and rejected 50% Fibonacci level with a nice bullish candle.
-On the Stochastic indicator, we can see that the price formed a bullish hidden divergence, that is a sign that the bullish move may continue.
-On a 4-hour base, USD is just a little bit stronger than JPY and on a daily base, JPY is just a little bit stronger than USD.
-If USD becomes stronger than JPY then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price made a very nice pullback and we can see that the price tested and rejected 50% Fibonacci level with a nice bullish candle.
-On the Stochastic indicator, we can see that the price formed a bullish hidden divergence, that is a sign that the bullish move may continue.
-On a 4-hour base, USD is just a little bit stronger than JPY and on a daily base, JPY is just a little bit stronger than USD.
-If USD becomes stronger than JPY then we can expect bullish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.