On the hourly chart below one can observe the impulsive move in the pair now holding just ahead of bids parked at a demand area. For those looking to play long off this level, note that at the moment, the correlation against related instruments such as the risk sentiment index or the yield spreads heralds a rather negative outlook to see a sustained rebound. Playing a long-side campaign if we were to see a divergence in favour of USD/JPY would add odds of success, not the case for now.
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👉👉 Join The OFA Inner Circle:
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
📓📓Learn Order Flow like a PRO:
ofa-course.com
🧑🏫🧑🏫 Author of the #1 Order Flow Script:
tradingview.com/script/WhQSEfKT-OFA-Order-Flow-Analysis
📧📧 DM me if doubts (100% response rate)
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.