scMay2024 - USD/JPY month.
The longer-term move indicates a strong bullish momentum. Considering
the Daily charts the current price action (despite the likely recent
BoJ intervention) still favors longs.
Although the recent BoJ playbook just sparked potential quick and
large moves to the downside.
Longs are configured using StochRSI for the 5 and 10-minute charts.
Shorts are configured using the StochRSI for the 15-minute charts.
The longer-term move indicates a strong bullish momentum. Considering
the Daily charts the current price action (despite the likely recent
BoJ intervention) still favors longs.
Although the recent BoJ playbook just sparked potential quick and
large moves to the downside.
Longs are configured using StochRSI for the 5 and 10-minute charts.
Shorts are configured using the StochRSI for the 15-minute charts.