USDJPY 1HR bearish
USDJPY
1HR: bearish
Moving averages showed price is currently bearish creating new LHs breaking the 4HR/1HR zones.
Price is moving inside a bearish channel creating new LHs and LLs while being rejected from reaching up/resistance.
price may stop after retesting the previous LL just a tad move from reaching 0.618 fib level .
The previous LL was also located in a bullish OB from earlier today.
Once it reaches previous bullish OB area, price may push up to retest previous zones.
1HR: bearish
Moving averages showed price is currently bearish creating new LHs breaking the 4HR/1HR zones.
Price is moving inside a bearish channel creating new LHs and LLs while being rejected from reaching up/resistance.
price may stop after retesting the previous LL just a tad move from reaching 0.618 fib level .
The previous LL was also located in a bullish OB from earlier today.
Once it reaches previous bullish OB area, price may push up to retest previous zones.
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