acsedward

USD/JPY 4-Hour Chart Update #3 (3 Mar 2021)

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high

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