USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re still very bullish on UJ and we recently broke key resistance at 110.000. From the current level we’re looking for reversals & higher lows to continue with the trend. Look to enter long after we confirm a higher low and target higher toward prior highs and 111.500.
Trade scenario 2: For us to consider UJ bearish we need to see a break back below 110.000 with a confirmed lower high. This would present a good short opportunity where we will look to target lower toward 109.150.
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re still very bullish on UJ and we recently broke key resistance at 110.000. From the current level we’re looking for reversals & higher lows to continue with the trend. Look to enter long after we confirm a higher low and target higher toward prior highs and 111.500.
Trade scenario 2: For us to consider UJ bearish we need to see a break back below 110.000 with a confirmed lower high. This would present a good short opportunity where we will look to target lower toward 109.150.
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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.