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USDJPY 10 Jan 2023

USDJPY 10 Jan 2023 on the H1 timeframe, the pair looks to have managed to rally to break the kumo on the ichimoku indicator. Successfully occupied the position of the number 144.824 but it appears that there will be a trend reversal due to oversold seen on the stochastic indicator. If the pair is unable to reverse the trend back to bullish and then the bearish trend continues, bringing the pair back down then go-short could be an option for traders. But if the opposite happens, then go-long is an option. Keep an eye on market movements and calculate all possibilities before making trading decisions.

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