acsedward

USD/JPY 4-Hour Chart Update #2 (2 Mar 2021)

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Summary of current technical analysis for the USD/JPY pair on the 4-hour chart:
- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1

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