USDJPY Long Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re pretty bullish on this pair and price action has been in a strong bullish channel. To continue with this trend we ideally want to see a higher low above the next major level of resistance.
Trade scenario 2: For us to consider UJ bearish we would need a bearish break of the channel. For now the first step would be to see a reversal at current resistance with a break to follow.
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we’re pretty bullish on this pair and price action has been in a strong bullish channel. To continue with this trend we ideally want to see a higher low above the next major level of resistance.
Trade scenario 2: For us to consider UJ bearish we would need a bearish break of the channel. For now the first step would be to see a reversal at current resistance with a break to follow.
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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.