USD/JPY possible retract in short term.

In 4 hours time frame, the price movement actively responses to over sold and over bought signals in RSI and SlowStoch indicators.

The SlowStoch already crossed in a over sold level in 4 hours time frame, but RSI is turned to North and it does not touch over sold level.

It is possible the price will start significant sideway movement for a while.

Try sideway trade, long and short USD/JPY in short term in a sideway channel follow SlowStoch over sold and over bought signals.

Trade wurde manuell geschlossen:

Close long USD/JPY trade since the original time estimation is not matching current movement