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USDJPY 17 April 2023

USDJPY 17 April 2023 on the H4 timeframe, it can be seen that this pair is still in a bullish phase after experiencing an increase at the end of last week which is seen in ichimoku indicator that this pair is still above the kumo cloud. On the other hand if referring to stochastic indicators, it is seen that there has been an overbought which allows a trend reversal to occur. If this happens then go-short can be an option. Stay alert to the volatility of the market.

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