USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible.
Look to target lower toward 131.000 if this happens.
Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking super bearish on UJ as it continues to plummet. Going into this week we’re looking for clear structure in the form of a lower high as close to 137.000 as possible.
Look to target lower toward 131.000 if this happens.
Trade scenario 2: For us to see UJ as bullish again we would need a break above our 140.500 zone with convincing higher lows above.
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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.