USDJPY Market Analysis (1st April 2024)

Market Analysis (1st April 2024)

USDJPY Analysis

On the daily timeframe, price has swept previous daily highs, and started to retrace. On the 4 hour timeframe, we had basically have a small range. So what i am waiting is for a breakout to the downside.

However, on the 15 minute timeframe, Price action is already showing some bearishness. What i want to see is a proper body candle close below the higher low, creating a Change of Character. This will allow me to look for Sells with more confluence from the higher timeframe buyside liquidity Sweep.

What do yall think! Leave your thoughts in your comment section below!