1HR USDJPY
USD JPY
1HR
Moving averages showed price is currently in bullish bias
Price has broken daily support zone with new HLs and HHs from last week of Aug.
Price created a bullish flag and continued to break daily and 4 hr zones as new HLs/HHs.
The 4 HR resistance is an important zone for break and retest as it retested the fib levels. Price is currently sitting inside another bullish flag with rejections from going lower. Price had touched 0.5 fib level before creating another bullish candle.
Im waiting to see if price will push up to break out of the bullish flag before returning bearish to retest the neckline before continuing to push up.
1HR
Moving averages showed price is currently in bullish bias
Price has broken daily support zone with new HLs and HHs from last week of Aug.
Price created a bullish flag and continued to break daily and 4 hr zones as new HLs/HHs.
The 4 HR resistance is an important zone for break and retest as it retested the fib levels. Price is currently sitting inside another bullish flag with rejections from going lower. Price had touched 0.5 fib level before creating another bullish candle.
Im waiting to see if price will push up to break out of the bullish flag before returning bearish to retest the neckline before continuing to push up.
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