$USDJPY | 4H Trade Setup Update● Current Status: USD/JPY is currently attempting to break above 21MA
4 months ago
2
$USDJPY | 4H Trade Setup Update
● Current Status: USD/JPY is currently attempting to break above the 21-period moving average after recently falling below the value area.
● Technical Indicators: Bullish Divergence: Momentum and money flow are rising. Stochastic RSI: High, suggesting potential overbought conditions.
● Outlook: Monitor for sustained movement above the 21-period moving average. Watch for any shifts in momentum, as the high stochastic RSI may indicate a potential reversal.
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