1HR USDJPY-current bias: bullish.
1HR USD JPY
Current bias is bullish with a bullish engulfing followed by a doji that closes above the bullish engulfing candle. Those last 2 candles have broken out of the 1 HR support zone which confirms bullish bias.
Waiting for 3rd candle to complete to see if it is a bullish candle.The new/3rd candle sits at 0.50 fib level
Price may push up and returns to retest the wicks/area from last couple of hours before continuing to push up/bullish.
The TP is close to the 1 HR resistance where price had been rejected from breaking the zone a few times.
Current bias is bullish with a bullish engulfing followed by a doji that closes above the bullish engulfing candle. Those last 2 candles have broken out of the 1 HR support zone which confirms bullish bias.
Waiting for 3rd candle to complete to see if it is a bullish candle.The new/3rd candle sits at 0.50 fib level
Price may push up and returns to retest the wicks/area from last couple of hours before continuing to push up/bullish.
The TP is close to the 1 HR resistance where price had been rejected from breaking the zone a few times.
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