USDJPY analysis
The market structure its an uptrend and now looking at the H4 time frame it's on a higher high level at 154.568 , which is also the market close.
The bulls are loosing momentum and now it seems like the bears are gaining some strength over USD.
Price is already creating a lot of rejections after buying for a very long time ⌛️. And the market closed with a bearish violation candle on M1, this means next week bearish moment will be expected.
#forextrader
The market structure its an uptrend and now looking at the H4 time frame it's on a higher high level at 154.568 , which is also the market close.
The bulls are loosing momentum and now it seems like the bears are gaining some strength over USD.
Price is already creating a lot of rejections after buying for a very long time ⌛️. And the market closed with a bearish violation candle on M1, this means next week bearish moment will be expected.
#forextrader