This is the weekly time frame on $USDJPY.
USDJPY
seems not to have made any significant movement in the last two weeks from a swing perspective.
Why is this? This is happening because the price needs to gather momentum to break the previous weekly timeframe's bearish order block.
I shall step down to the daily and 4hr time frame to look for buy confirmations this week.
USDJPY
seems not to have made any significant movement in the last two weeks from a swing perspective. Why is this? This is happening because the price needs to gather momentum to break the previous weekly timeframe's bearish order block.
I shall step down to the daily and 4hr time frame to look for buy confirmations this week.