USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout.
Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000
Trade scenario 2: If this current attempt to push lower fails, look for a higher high above 113.450 to enter long on and target higher toward the top of the range.
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Definitely looking bearish here on UJ but will this current break confirm or fakeout.
Ideally, we see a lower high form here below 113.450 with strong bearish setups to enter short on. Look to target lower toward 113.000
Trade scenario 2: If this current attempt to push lower fails, look for a higher high above 113.450 to enter long on and target higher toward the top of the range.
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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.