USDJPY Neutral Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We have been pretty bullish on UJ recently but price action has locked into this range. For us to consider UJ bullish again we need to see a higher low above our 109.200 level. Look to enter long on strong bullish setups confirming the higher low. Target higher toward resistance near 110.000
Trade scenario 2: For us to consider UJ bearish we need to see a bearish break of this range. In the meantime, look for a reversal at resistance near 109.200 and target lower toward the bottom of the range.
Weekly Trend: Bearish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We have been pretty bullish on UJ recently but price action has locked into this range. For us to consider UJ bullish again we need to see a higher low above our 109.200 level. Look to enter long on strong bullish setups confirming the higher low. Target higher toward resistance near 110.000
Trade scenario 2: For us to consider UJ bearish we need to see a bearish break of this range. In the meantime, look for a reversal at resistance near 109.200 and target lower toward the bottom 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.