The following indicators and TA conditions looks as if we could see a drop in usdjpy
The move down could just be a relief for the overbought conditions indicted by the Rsi and the Bollinger bands on the Daily time frame.
We also see a weekly level being tested as confirmation for a pullback but the market is currently above indicating a possible continuation.
THE RSI also indication that usdjpy is capped above 70 also a sign that we could see more up swing.
THE ichimoku on the daily also indicate a strong bullish trend
The Adx on the 4h time frame also indicate some strong bullish moment
With a strong bullish crossing on the D+and - the signal light is sitting high above 30 also a good indication of strong bull power.
Suggestion is to hold of and see if market will show signs of a turn to bearish
At the moment conditions are strong for bulls.
So if you considering entering a trade wait till tomorrow for a indication of a turn.
Or if you want to go long wait for current bull candle to close long
As a new refresh point for a entery.
The move down could just be a relief for the overbought conditions indicted by the Rsi and the Bollinger bands on the Daily time frame.
We also see a weekly level being tested as confirmation for a pullback but the market is currently above indicating a possible continuation.
THE RSI also indication that usdjpy is capped above 70 also a sign that we could see more up swing.
THE ichimoku on the daily also indicate a strong bullish trend
The Adx on the 4h time frame also indicate some strong bullish moment
With a strong bullish crossing on the D+and - the signal light is sitting high above 30 also a good indication of strong bull power.
Suggestion is to hold of and see if market will show signs of a turn to bearish
At the moment conditions are strong for bulls.
So if you considering entering a trade wait till tomorrow for a indication of a turn.
Or if you want to go long wait for current bull candle to close long
As a new refresh point for a entery.