USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish.
Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear.
The most likely scenario is that price action finds resistance around 114.150 and falls back into the range.
Trade scenario 2: For us to consider UJ bullish we would first need to see a higher low above 114.150 resistance.
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Looking very bearish here on the 4hour timeframe while the higher timeframes remain overall bullish.
Price action is in a tricky area because we have re-entered a known range and the trend now becomes less clear.
The most likely scenario is that price action finds resistance around 114.150 and falls back into the range.
Trade scenario 2: For us to consider UJ bullish we would first need to see a higher low above 114.150 resistance.
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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.