USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall UJ is bullish on the major timeframes, however, we can see that we have high volume ranging on the 4hour.
Current price action is looking to break the range bearishly so we are looking for lower highs below 115.000 which is the key zone here.
Trade scenario 2: If UJ continues to range we should price action turn bullish with reactions off of 115.000
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Ranging
Trade scenario 1: Overall UJ is bullish on the major timeframes, however, we can see that we have high volume ranging on the 4hour.
Current price action is looking to break the range bearishly so we are looking for lower highs below 115.000 which is the key zone here.
Trade scenario 2: If UJ continues to range we should price action turn bullish with reactions off of 115.000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.