USDJPY 7/6/2025
USDJPY Daily Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
We’re still on the daily timeframe with UJ as there is nothing worthwhile. We are clearly in some daily consolidation phase and price action has no clear direction from a swing perspective.
Bearish Continuation - For us to consider a bearish continuation, which is the most likely, we would like to see a retest of our 147.500 zone followed by strong bearish rejection. If we can spot rejection around the 147.500 zone it could present some decent short positions. I’d be looking to target lower toward key support levels.
Aside from this potential setup i’m not looking at any other scenarios for UJ.
USDJPY Daily Neutral Idea
Monthly - Bullish
Weekly - Bearish
Daily - Bearish
We’re still on the daily timeframe with UJ as there is nothing worthwhile. We are clearly in some daily consolidation phase and price action has no clear direction from a swing perspective.
Bearish Continuation - For us to consider a bearish continuation, which is the most likely, we would like to see a retest of our 147.500 zone followed by strong bearish rejection. If we can spot rejection around the 147.500 zone it could present some decent short positions. I’d be looking to target lower toward key support levels.
Aside from this potential setup i’m not looking at any other scenarios for UJ.
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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.