$USDJPY | 4H Trade Setup Update ●Current Status: USD/JPY is currently attempting to break above 21MA

4 months ago
3

$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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