USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen.
Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a total break of support at 110.000 with a lower high below.
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still pretty bullish on UJ but a pullback would be appropriate given the strong bullish trend we’ve recently seen.
Ideally we can spot a higher low above 110.000 and look to enter long from there. Target higher toward 111.500.
Trade scenario 2: For us to consider UJ bearish we would need to see a total break of support at 110.000 with a lower high below.
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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.