USDJPY 4H Bullish Reversal

١٣ يونيو ٢٠٢٣

I was initially under the impression that UJ might be prepared to retrace deeper. if the 23.6% fib did not hold. The Fibonacci level has held up nicely. Yesterday another indecision candle on top of support, and the 23.6%. In addition, the 4H moving average crossing to the upside, the 1H formed a higher low after forming its higher high within this range. I believe price is preparing to breakout bullish to continue its upward trend.