USDJPY Forecast
H4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have.
We also had a false break of the alternative trend line and the last low, bullish divergence.
The price has also broken above the downtrend line and has created higher highs.
H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence.
Expecting further continuation higher after pullbacks.
We also had a false break of the alternative trend line and the last low, bullish divergence.
The price has also broken above the downtrend line and has created higher highs.
H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence.
Expecting further continuation higher after pullbacks.
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