USDJPY 1H 20/04/2023
In the 1-hour timeframe, we can see that the price is currently in a bullish range between 135.134 and 133.954. This range would be broken if the price falls below 133.954 with a full-bodied candlestick. If this occurs, we could consider taking a short position within the gray areas marked in the chart, as they would be within the valid range of the new bearish range.
The first area to consider is between 134.358 and 138.261, while the second area is between 134.830 and 134.665. These areas represent potential opportunities for short positions, as they are within the range of the new bearish trend. However, it is important to note that market conditions can change quickly, and traders should always exercise caution and make informed decisions when entering or exiting positions.
The first area to consider is between 134.358 and 138.261, while the second area is between 134.830 and 134.665. These areas represent potential opportunities for short positions, as they are within the range of the new bearish trend. However, it is important to note that market conditions can change quickly, and traders should always exercise caution and make informed decisions when entering or exiting positions.
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