$USDJPY | 4H Trade Setup Update Trade Position: -Entry: Long at 143 (0.786 Fibonacci Level)

$USDJPY | 4H Trade Setup Update

Trade Position:
-Entry: Long at 143 (0.786 Fibonacci Level)
-Stop Loss: 142
-Take Profit: 147

● Current Status: USD/JPY bounced off the Value Area Low (VAL) and is now testing the Point of Control (POC). Momentum is turning bullish with the Stochastic RSI moving up from a bottom, and moving averages are starting to slope upward.

● Technical Indicators: Momentum: Curling up, signaling potential strength. Money Flow: Falling, showing divergence to watch. Stochastic RSI: Bottomed and rising, suggesting a bullish phase. Moving Averages: Approaching a bullish crossover, indicating an uptrend.

● Outlook: Monitor USD/JPY as it approaches the POC. A breakout could confirm the long position from 143, targeting 147. Be cautious of the falling money flow, as it hints at possible weakness. The stop loss at 142 is essential to manage risk.