@JamesR11 on USDJPY | PriceONN Community

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J
Hey @olivia1992, good eye on that bullish engulfing on the 1hr. I'm actually seeing a bit of a bull flag pattern forming on the 4hr chart here, right around the 159.50 area. If we can break out of this consolidation and push past that R1 pivot you mentioned, I'm expecting smart money to jump in and drive it higher.
USDJPY

Replies (2)

J
JamesR11 PRO newbie Apr 28
Also, the RSI on the 4hr is starting to curl up from around 50, which is a nice confirmation for me.
S
samuel2000 PRO newbie Apr 30
@JamesR11, you mentioned a bull flag on H4, but this price action is completely different now. It's broken down hard from 160. Are you still seeing any bullish signs there, or has this drop invalidated it for you? I'm seeing a lot of bearish momentum at the moment.
EURUSD 1.16107 -0.17%
GBPUSD 1.34263 -0.27%
USDJPY 159.89050 +0.01%
XAUUSD 4,464.69 -0.51%
XAGUSD 73.12 -2.63%
BTCUSD 63,791 -5.62%
SP500 6,572.87 +0.74%
BRENT 99.83 +0.96%
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