USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down.
Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking newly bearish on UJ and it does not look like it is slowing down.
Ideally this week we see strong bearish setups rejecting our 134.000 zone. Look to target lower toward 131.000
Trade scenario 2: For us to consider UJ bullish we need to see a break back above 134.500 with a higher low above. Look to target higher toward 136.500 if this happens.
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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.