USDJPY; Time Barrier
Price is finding a solid barrier to overcome before any further bullish price behavior can continue. The last six hourly price bars have not overcome it. Either we will see the more bulls come into the market and push beyond this and price will shoot up quickly for a few bars OR price cannot withstand the barrier, too much time will have elapsed and bulls will make an easier task for bears to overcome the pair. I have two vertical markers where I see energy taking place. First is in the euro session at 600am EST or second is 100 to 200 pm EST American session.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.