Good Morning Traders,
USDJPY has been making higher highs and higher lows on the daily time frame for past several weeks. It is very clear at this point that the commercial and institutional money is holding long positions on this pair.
I have identified a 4 hour price imbalance where price has tapped into and started to get some strong reaction to the upside from this area. It is not early or late to enter this trade however I will leave that for you to decide.
I will update this post as price starts making progress.
USDJPY has been making higher highs and higher lows on the daily time frame for past several weeks. It is very clear at this point that the commercial and institutional money is holding long positions on this pair.
I have identified a 4 hour price imbalance where price has tapped into and started to get some strong reaction to the upside from this area. It is not early or late to enter this trade however I will leave that for you to decide.
I will update this post as price starts making progress.
Note
Price has created a nice daily candle close above the previous day low. Heading into the new looking enter long on this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.