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PYUSD 1H TF
JPYUSD has been in a subtle uptrend channel however it has given a breakout now
It seems like it is heading for a re test, if it is able to successfully reverse then we can take a long entry else a liquidity trap may be seen.
A entry can be taken respectively
However it is looking weak with very low highs and a RSI divergence as well, thus a short position should be expected with target at the lower trendline atleast
PYUSD 1H TF
JPYUSD has been in a subtle uptrend channel however it has given a breakout now
It seems like it is heading for a re test, if it is able to successfully reverse then we can take a long entry else a liquidity trap may be seen.
A entry can be taken respectively
However it is looking weak with very low highs and a RSI divergence as well, thus a short position should be expected with target at the lower trendline atleast