$USDJPY | 4H Trade Setup Update ● Current Status: USD/JPY has bounced off the Value Area Low

$USDJPY | 4H Trade Setup Update

● Current Status: USD/JPY has bounced off the Value Area Low (VAL) and is now trying to break above the Point of Control (POC). Momentum is curling up, and the Stochastic RSI has bottomed and is now moving upwards. The moving averages are starting to turn bullish.

● Technical Indicators: Momentum: Curling up, indicating a potential upward move. Money Flow: Falling, showing some divergence that requires attention. Stochastic RSI: Bottomed and now moving upwards, suggesting a potential upward continuation. Moving Averages: Bullish crossover is imminent, signaling a possible bullish trend.

● Outlook: Monitor closely as USD/JPY attempts to break above the POC. The momentum curling up and moving averages aligning bullishly could signal a strong move upward. However, keep an eye on money flow, as the divergence might indicate underlying weakness.