Sunday, April 22, 2018

USDJPY market analysis and prep

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

Reviewing where USDJPY is at this Sunday evening.

The trend on the 4 hour timeframe (H4) is showing higher highs and higher lows.

The price on the 15 minute timeframe is compressed into a small range.

Bias is long but I need a confirming break out to get involved.

No imminent news coming (according to Forex Factory)

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