USDJPY Update 03/04/19
- Daily
The daily candle closed with a small bearish doji. Not a lot of movement. Price is showing signs of possible bulls taking over again and hitting the top of the channel, or finding rest around 112.500.
- 4H
Price has been in a range of consolidation all day. We could see this continue into the morning, or at least London Opening.
- 1H
There are some wicks showing a strong resistance level around 112.000 (Minor Whole Quarter Level). If price rejects that area again, we could see a major drop.
The daily candle closed with a small bearish doji. Not a lot of movement. Price is showing signs of possible bulls taking over again and hitting the top of the channel, or finding rest around 112.500.
- 4H
Price has been in a range of consolidation all day. We could see this continue into the morning, or at least London Opening.
- 1H
There are some wicks showing a strong resistance level around 112.000 (Minor Whole Quarter Level). If price rejects that area again, we could see a major drop.
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