JP225 Waiting For Buy Setup
The monthly timeframe appears to be bullish, while the weekly timeframe is showing bullish signals as well. However, the daily support has been broken at 39276.0 and the price is currently heading towards the weekly support at 35467.6. Despite this, the higher timeframes still seem to be bullish and it is likely that this is just a retracement. At the moment, the market is overbought. I remain bullish and plan to wait for a buy setup on the H4 timeframe.
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