USDJPY 23 May 2023. Looking at the movement of USDJPY on the H4 timeframe. It can be seen on the ichimoku indicator that this pair is in a bullish trend. Being well above kumo and then tenkan-sen which is also above kijun-sen emphasizes that the bullish trend is still happening in this session and maybe the next session. So go-long can be an option for scalpers. But if we look at the stochastic indicator, the pair has crossed the 80 level, which causes saturation and allows a trend reversal. Keep an eye on the market movement, wait for clearer indications before taking a trading position.
