USDJPY Daily Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
I’m looking at the Daily time frame here as this is the only clear picture for price action in terms of trends. The 4hour looks like price action can’t make a decision so we will wait for price action to get closer to some major zones.
Bearish Continuation - Ideally, we want to see price action touch 147.500 again followed by convincing bearish rejection. Look to target lower toward major support levels if this happens.
Aside from this potential setup we don’t have much to look at here on UJ.
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
I’m looking at the Daily time frame here as this is the only clear picture for price action in terms of trends. The 4hour looks like price action can’t make a decision so we will wait for price action to get closer to some major zones.
Bearish Continuation - Ideally, we want to see price action touch 147.500 again followed by convincing bearish rejection. Look to target lower toward major support levels if this happens.
Aside from this potential setup we don’t have much to look at here on UJ.
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.
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.