USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall UJ has been very bullish on higherframes but as of last week the 4hour timeframe is looking more bearish.
To move forward with setups we’re looking for a lower high to form below 136.500 and then we can target lower toward 134.500 area.
Trade scenario 2: For us to see UJ as more bullish again we would need to see higher lows above 136.500 with strong bullish setups.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall UJ has been very bullish on higherframes but as of last week the 4hour timeframe is looking more bearish.
To move forward with setups we’re looking for a lower high to form below 136.500 and then we can target lower toward 134.500 area.
Trade scenario 2: For us to see UJ as more bullish again we would need to see higher lows above 136.500 with strong bullish setups.
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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.