1HR USDJPY: bullish bias
1HR USDJPY
Current bias: bullish
Moving averages show current bias is bullish.
Price has been moving up breaking the 4 HR support and continues to create new HLs and HHs (bullish flag) between 4HR/1HR resistance and 1 HR support zone. The bullish flag format was also seen from Aug 19th to 26th before pushing out of 4 HR support zone.
I’m waiting to see if price will drop to 0.61 fib level (where recent bullish OB sits on) before pushing upwards again.
Current bias: bullish
Moving averages show current bias is bullish.
Price has been moving up breaking the 4 HR support and continues to create new HLs and HHs (bullish flag) between 4HR/1HR resistance and 1 HR support zone. The bullish flag format was also seen from Aug 19th to 26th before pushing out of 4 HR support zone.
I’m waiting to see if price will drop to 0.61 fib level (where recent bullish OB sits on) before pushing upwards again.
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